Bills headed for California Senate would put limits on payday, auto-title lending
by James Rufus Koren, Los Angeles Times
Jun 19, 2018
3 minutes
State legislators killed a bill that would have reshaped much of California's consumer lending market, but two more-modest bills made it through the state Assembly and now move on to the Senate.
One would stop borrowers from taking out more than one payday loan at a time; another would cap interest rates on auto-title loans. Both will be taken up Wednesday by the Senate banking committee.
Lenders say the bills would make it harder for Californians with bad credit to get emergency loans or would push those
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