Pay Check Financial Institutions Face Crackdown. Check-cashing and pay day loan businesses are often likened to predatory

Pay Check Financial Institutions Face Crackdown. Check-cashing and pay day loan businesses are often likened to predatory

Check-cashing and payday loans businesses are commonly likened to predatory loan providers that take full advantage of low income visitors, in addition to the movement to break into down on them is apparently increasing impetus.

The City Council in lengthy coastline, the second most extensive urban area in California district, possess chosen to position a six-month citywide moratorium on latest check-cashing and cash advance companies regarding premise which they result blight and foster theft. (more…)

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