Friday, June 7, 2019
Above: Assemblymember Lorena Gonzalez addresses a panel discussion on predatory loan providers, June 7, 2019.
The unsecured loan industry, also known as “payday loans, ” is not managed in Ca for many years. But that may quickly alter.
A bill making its method through the legislature would cap the total amount loan providers may charge. The bill is known as the buyer Loan Reform Act. It’s co-sponsored by San Diego Democratic Assemblywoman Lorena Gonzalez.
By Reporter John Carroll
The customer Loan Reform Act would manage the alleged “payday loan” industry.
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