The Center for Responsible Lending and various other nonprofit groups had urged DeSantis, who is running for the Republican presidential nomination in 2024, to veto the bill. "We do not doubt that lenders will flock to Florida if you sign this bill into law since there are few states that allow lenders to charge borrowers 36% interest for loans up to $25,000," the groups said in the letter. "This is for good reason — it is a predatory rate to charge consumers and is morally reprehensible to do so."
