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Buyers line up for pay day loans because work inside a Ca test Cashing shop in the downtown area San Jose on Sept. 31, 2011. (Dai Sugano/Mercury Headlines)
Highlighting a situation to rule by predatory loaning into the working very poor, Santa Clara County supervisors Tuesday died a 45-day moratorium that bans extra “payday” financial institutions from putting together store, while officers write a law which could once and for all exclude brand new payday enterprises — or at least really minimize all of them.
The county provides 64 payday loans storefronts centered in low-income neighborhoods, a lot of simply blocks from one another. Nastavi čitati “Santa Clara County supervisors choose to control payday lending”