So payday loads, which can only make money on the extremely high risk by high interest rates, are banished to the hinterlands and now unavailable to Californians.
YAY California. The single mom whose car breaks down and needs a $400 transmission replacement now goes where? Chances are good she doesn’t have any relatives. Prepare for the return of the loan shark, complete with knee-breaking collection practices.
California hurts the poor again and still gets to think it is helping.
Evil people, these California legislators and their cheerleaders.
This is federal law, not state law.
In a jam and you need some extra bucks at a high interest rate? No way lady!
In a jam and you want to kill your unborn baby? No problem - and maybe we’ll even pay for the abortion!