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Loan sharks, then and from now on one of many Florida Legislature’s nastiest battles occurred 60 years back over legislation

Loan sharks, then and from now on one of many Florida Legislature’s nastiest battles occurred 60 years back over legislation

Among the Florida Legislature’s nastiest battles took place 60 years back over legislation to outlaw the salary purchasing company.

Salary purchasers had been loan sharks whom, theoretically, did not provide cash. They merely purchased the legal rights for their clients’ pay envelopes _ at discounts approximating 260 % interest per year.

An filibuster that is adjournment-day violent whenever a senator stooging for the wage purchasers hit Sen. Spessard Holland in the arms with a cane. Holland responded with terms, maybe maybe perhaps not fists.