Advocacy groups push for constraints on payday lenders
L. A. — On Tuesday,, several over 80 religious and people frontrunners delivered a page toward L. A. district Board of managers, urging the panel to take action next month to address high-cost payday and vehicle name lending storefronts in county.
a?Predatory lenders focus on all of our the majority of prone communities a especially places with a high family poverty prices, which explains why we are asking for the board’s support,a? said Paulina Gonzalez, executive manager of the Ca Reinvestment Coalition.
a?Payday and auto concept financial loans is marketed as quick, single Band-Aids for financial problems, but the the truth is four of five of these customers have caught in a lasting loans trap. (más…)
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Advocacy groups push for constraints on payday lenders