Bill to Limit ‘Predatory Lending’ Excludes Three Lenders Who Stand to Benefit From Legislation
A bill to bar “predatory lenders,” like payday small loan companies, from imposing excessively high-interest rates on people who borrow $2,500 up to $10,000, is sitting on Governor Gavin Newsom’s desk awaiting his signature or his veto. “Assembly Bill 539...