Let me make it clear about Santa Clara County supervisors vote to suppress payday lending

Let me make it clear about Santa Clara County supervisors vote to suppress payday lending

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Showing an urgency to rein in predatory financing to the working bad, Santa Clara County supervisors Tuesday passed a 45-day moratorium that bans additional “payday” lenders from installing store, while officials draft a legislation which could completely ban new payday companies — or at the least really limit them.

The county has 64 cash advance storefronts focused in low-income areas, numerous simply obstructs from one another. Simply two establishments are found in unincorporated areas afflicted with the brand new ban. Continuar lendo