California Next To Implement Payday Loan Bill?
There has been alot of Leadpile posts about payday loans, and the various states implementing legislation on payday loans. California appears to be the next state to look at doing this. A recent article in Merced Sunstar points out that bill 377 is going through the legislature to attempt to regulate payday loans, however it does not have any rate cap incorporated into this bill. So, will this bill have enough ammunition for the legislature to see the need to pass it? Only time will tell.
Leadpile will keep an eye on this most recent payday loan news, and see what happens in the state of California (if anything at all).