Categories
Alaska_Ketchikan payday loans

Advocacy teams push for limits on payday loan providers

Advocacy teams push for limits on payday loan providers

LA — On Tuesday,, a group of a lot more than 80 religious and neighborhood leaders delivered a page into L. A. region panel of Supervisors, urging the board to take action the following month to address high-cost payday and automobile concept lending storefronts when you look at the region.

Predatory lenders target our many susceptible forums particularly places with high family poverty rates, which explains why were seeking the boards support, said Paulina Gonzalez, executive manager of the Ca Reinvestment Coalition.

Payday and vehicles name financing include promoted as fast, one-time Band-Aids for economic difficulties, although reality is four of five of these consumers get caught in a lasting obligations trap.