Los Angeles County Takes Stay Against Predatory Payday Lending Methods

Los Angeles County Takes Stay Against Predatory Payday Lending Methods

Placing touch that is finishing Pit of Despair- compliment of Us americans for Financial Reform for sharing it!

On Thursday, September 8th, the seat associated with the Los Angeles County Board of Supervisors, Hilda L. Solis, hosted a press seminar with Los Angeles community leaders where she chatted in regards to the economic harms caused by predatory payday, automobile name, and installment that is high-cost.

Los Angeles County Movement

During the press seminar, Supervisor Solis announced A los angeles County motion meant for the customer Financial Protection Bureau (CFPB) applying strong federal rules to better protect consumers from harmful financing techniques by payday, vehicle name, and cost that is high loan providers. The movement had been approved unanimously the next week, making l . a . County the county that is largest in Ca (while the US) to pass through a movement supporting strong guidelines because of the CFPB to better protect consumers from predatory financing.

Supervisor Solis explained: “This movement can be an important means for the l . Continue reading “Los Angeles County Takes Stay Against Predatory Payday Lending Methods”