ORLANDO, Fla. - Martin FCU will be the backdrop May 18 for the historic signing of the state's first Title Loan legislation. The bill will be signed into law by Gov. Jeb Bush. The state legislature's passage of H.B. 301, sponsored by Rep. Bill Sublette (R-Orlando) culminates four years of effort - three by Sublette - to pass legislation regulating the title loan industry in the Sunshine State. The measure caps title loan interest rates at 30% APR. The Florida Credit Union League said Rep. Sublette suggested MFCU as the site for the bill signing to "emphasize the effort credit unions have made to serve Floridians of modest means and their work in helping this bill become law." Other attendees expected at the ceremony include representatives from state Comptroller Robert Milligan's office and Attorney General Bob Butterworth's office. Representatives are also expected from the Florida Credit Union League and other consumer groups.
Orlando-area CU to be site for state's Title Loan Bill signing ceremony
Comments
Resource Center
View All »How Enterprise Software Helps Financial Services Firms Improve Efficiency and Reduce Costs
This white paper describes how enterprise software solutions, when built on a flexible and adaptable technology platform, can help financial services firms streamline workflows, consolidate...
Getting Ready for IFRS
This white paper describes how your company can make the transition to IFRS in a timely and cost efficient manner as well as what your...
