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Brand new Report Finds Californians Subjected To Bigger, Longer Triple-Digit Interest Predatory Loans

“People of color, seniors, immigrants, and other susceptible populations are more inclined to fall victim to cost that is high in Ca. To pad their pocketbooks, corporate high-cost lenders are preying in the many susceptible individuals, while trapping borrowers in a vicious period of financial obligation that leaves families in economic ruin, ” stated Paulina Gonzalez executive direct associated with California Reinvestment Coalition.

“Communities of color need access to credit, nonetheless they require it on reasonable and terms that are reasonable with strong defenses against punishment and exploitation, ” said Greenlining Institute President Orson Aguilar.


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