13 jan Without a doubt about Santa Clara County supervisors vote to control payday lending

Without a doubt about Santa Clara County supervisors vote to control payday lending

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Showing an urgency to rein in lending that is predatory the working bad, Santa Clara County supervisors Tuesday passed a 45-day moratorium that bans additional “payday” lenders from creating store, while officials draft a law that may forever ban new payday companies — or at the very least really limit them.

The county has 64 pay day loan storefronts focused in low-income areas, numerous simply obstructs from one another.

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