Express which:
California’s payday lending regulating build was feeble. It nation’s rules ranking among the state’s weakest, and you can high ambiguities regarding statute’s language and you will legislative records has already been translated to help you choose globe and you can harm consumers’ hobbies. Consumers all the more is actually at risk of myriad risks.
Tom Dresslar is actually a former reporter which supported since good deputy administrator at California Company away from Organization Oversight, and aided write the latest 2018 head creator laws, He published which statements to possess CALmatters.