Placing completing touch on Pit of Despair- because of Us americans for Financial Reform for sharing it!
On Thursday, September 8th, the Chair associated with the Los Angeles County Board of Supervisors, Hilda L. Solis, hosted a press seminar with Los Angeles community leaders where she chatted in regards to the economic harms caused by predatory payday, automobile name, and installment that is high-cost.
Los Angeles County Movement
During the press seminar, Supervisor Solis announced A los angeles County movement meant for the customer Financial Protection Bureau (CFPB) applying strong federal rules to better protect consumers from harmful financing techniques by payday, vehicle name, and cost that is high lenders. The movement had been approved unanimously listed here week, making Los Angeles County the county that is largest in Ca (and also the US) to pass through a movement supporting strong rules because of the CFPB to better protect consumers from predatory financing. Continue reading