Placing touch that is finishing Pit of Despair- because of People in america for Financial Reform for sharing it!

On Thursday, September 8th, the seat regarding the Los Angeles County Board of Supervisors, Hilda L. Solis, hosted a press meeting with Los Angeles community leaders where she chatted about the economic harms caused by predatory payday, automobile name, and high-cost installment loans.

Los Angeles County Movement

During the press meeting, Supervisor Solis announced The la County motion to get the buyer Financial Protection Bureau (CFPB) applying strong federal rules to better protect consumers from harmful financing techniques by payday, car title, and high expense installment loan providers. The movement had been authorized unanimously listed here week, making l . a . County the county that is largest in Ca (in addition to US) to pass through a movement supporting strong rules by the CFPB to better protect consumers from predatory financing.

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