Yet again, California lawmakers won’t split down on payday loan providers

Ca now has more payday loan providers than it can McDonald’s. Though some states have actually restricted their operations, California’s Legislature keeps burying bills that make an effort to crack straight straight straight down on predatory lending.

Whenever phone bank worker Melissa Mendez, age 26, felt economically squeezed a months that are few—“I had been brief on money and had a need to spend rent”—she moved right into a money 1 storefront in Sacramento and took down an online payday loan. (more…)