Protecting Consumers from Predatory Lenders
Look West: How California is Leading the Nation
English - October 24, 2019 18:00 - 29 minutes - 26.8 MB - ★★★★★ - 53 ratingsGovernment News look west california assembly legislature assemblymembers Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Honoring Chief Clerk E. Dotson Wilson
Next Episode: Celebrating 100 Years of Women’s Right to Vote
For years Loan sharks have been praying on California consumers through loans with interest as high as 200% or even 300%. Irresponsible lenders have particularly targeted low income African American and Latinos. In this new episode of Look West, Assemblymember Monique Limón, the author of the new law that caps interest rates for loans between $2,500 to $10,000 to 36%, talks about the problem and what is next with nationally recognized Social and Economic Justice advocate Reverend Shane B. Scott.