Protecting access to credit in California
April 15, 2008 | California, industry, regulation, states | Comments (0)Legislators in California have debated the issue of payday lending and are in agreement that consumers need reasonable protections, but to prohibit payday lending wouldn’t help anyone.
I think that there is need for increased consumer protection. And I’d like to see, but I’m not interested in seeing a prohibition,” said Assemblywoman Liz Wolfe.
To see poor journalism at its finest, watch Michael Finney, from Sacramento’s KGO ABC 7, and the anchors chit-chat before and after the story. Their comments demonstrate they have not only never used a payday loan, but did not take the time to speak to any customer who had.
Comments»
No comments yet.