New state legislation limits payday, other “Debt Trap” loans. Nixon: Payday Lenders Are Circumventing Law

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New state legislation limits payday, other “Debt Trap” loans. Nixon: Payday Lenders Are Circumventing Law Marketing Graphic of a predatory lending contract. Thanks to Ca Ebony Media On Oct. 10, Gov. Gavin Newsom finalized Assembly Bill 539. The legislation places limitations on predatory financing techniques in Ca he claims “creates financial obligation traps for families […]

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