Coalition launches coach advertisement campaign to discourage cash advance usage among San Jose residents

By |December 14th, 2020|

Coalition launches coach advertisement campaign to discourage cash advance usage among San Jose residents Community groups and advocates stepped up their campaign contrary to the predatory payday loan industry this by launching bus advertisements on VTA’s Route 22 and other bus lines in Santa Clara County week. The “Don’t Get Trapped!” ads build in the City of San Jose’s current ordinance limiting payday financing within the city. The San Jose City Council recently voted 9-1 to accept a land use ordinance banning payday that is new operations from starting in low-income communities and capping the sum total wide range of pay day loan outlets allowed in the complete town during the present range 39. San Jose could be the city that is largest in the united kingdom to impose a capon the amount of payday financing shops, as well as the very first to look at a ban on brand brand new payday financing organizations in low-income census tracts. The Santa Clara County Board of Supervisors additionally voted unanimously to impose a permanent moratorium on cash advance companies in unincorporated aspects of the county. “Families residing paycheck to paycheck, badcredit loans struggling to help make ends satisfy, often fall victim to payday lenders’ offers of fast, convenient payday loans. […]