Editorials

April 17, 2013 1:27 AM

Our View: Bill provides a step to curb payday loans

California’s $3.3 billion payday lending industry preys on the poor and the financially unsophisticated. Attempts to rein it in have failed. California remains among the most permissive states when it comes to payday lending. Senate Bill 515 by state Sens. Jim Beall, D-San Jose, and Hannah-Beth Jackson, D-Santa Barbara, would offer minimal protections to prevent borrowers from being ensnared in a cycle of repeat borrowing at triple-digit interest rates.

Related content

Comments

Videos

More Videos

Merced's Jetta Saeteurn on big week ahead <span class='title-duration'>02:06</span> 02:06

Merced's Jetta Saeteurn on big week ahead 02:06

Pacheco safety Chris Munoz talks about 2015 season <span class='title-duration'>01:47</span> 01:47

Pacheco safety Chris Munoz talks about 2015 season 01:47

El Capitan's Isaiah Knott Signs With UC Merced <span class='title-duration'>01:36</span> 01:36

El Capitan's Isaiah Knott Signs With UC Merced 01:36

Merced's Lexi Thompson Signs With Simpson <span class='title-duration'>03:07</span> 03:07

Merced's Lexi Thompson Signs With Simpson 03:07

GV's Jaylin Meza on the team's big win <span class='title-duration'>01:36</span> 01:36

GV's Jaylin Meza on the team's big win 01:36

Share Video

Editor's Choice Videos