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Brand New State Law Restricts Payday, Other “Debt Trap” Loans

Brand New State Law Restricts Payday, Other “Debt Trap” Loans (CBM) – On Oct. 10, Gov. Gavin Newsom finalized Assembly Bill 539. The legislation places restrictions on predatory financing techniques in Ca he claims “creates financial obligation traps for families currently struggling economically.” Experts state loan providers whom provide these high-interest loans target disadvantaged individuals, […]