Protecting Californians From Financial Harm
Even during the best economic times, high-cost payday and installment lenders prey upon the financially vulnerable and trap them in triple-digit interest debt, leaving them far worse off than when they started. During periods of sustained crisis, this harm will be far greater if not reined in. For consumers experiencing income instability, high-cost debt they cannot afford to repay will only deepen their economic hardship.
Emergency Interest Rate Cap on Small Dollar Lending
Right now, financial predators and scammers are already taking advantage of the coronavirus crisis to target seniors, people who are fearful or cash strapped, and even people who are trying to be helpful.
We have developed a helpful infographic to alert community members on how they can protect themselves and loved ones.
Please share widely through your social networks by clicking on the images below to download in English or Spanish.