Categorías
safe payday loans

AG Becerra Slams Proposal That Would Allow Predatory Lenders to Make The Most Of CA’s most communities that are vulnerable

AG Becerra Slams Proposal That Would Allow Predatory Lenders to Make The Most Of CA’s most communities that are vulnerable

Share this:

California Attorney General Xavier Becerra, co-leading a coalition that is bipartisan of general with Illinois Attorney General Kwame Raoul and ny Attorney General Letitia James, presented a comment page opposing a proposition by the workplace associated with Comptroller associated with Currency (OCC) to exempt payday along with other high-cost lenders from state usury rules. Usury regulations prevent predatory lenders from using customers by recharging high interest levels on loans. California recently enacted one law that is such interest levels for loans under $10,000.