Community groups and advocates stepped up their campaign resistant to the predatory payday loan industry this week by introducing coach ads on VTAвЂ™s Route 22 along with other coach lines in Santa Clara County. The вЂњDonвЂ™t Get Trapped!вЂќ ads build from the City of San JoseвЂ™s ordinance that is recent payday financing into the town.
The San Jose City Council recently voted 9-1 to accept a land usage ordinance banning brand new cash advance operations from starting in low-income areas and capping the full total wide range of cash advance outlets permitted in the whole town during the present wide range of 39. San Jose could be the biggest city in the nation to impose a capon the amount of payday lending stores, as well as the first to look at a ban on brand brand new payday financing companies in low-income census tracts. The Santa Clara County Board of Supervisors additionally voted unanimously to impose a permanent moratorium on pay day loan companies in unincorporated regions of the county.
вЂњFamilies residing paycheck to paycheck, struggling in order to make ends fulfill, often fall victim to payday lendersвЂ™ offers of fast, convenient payday loans. Read More — Coalition launches coach advertising campaign to discourage pay day loan usage among San Jose residentsCoalition launches coach advertising campaign to discourage pay day loan usage among San Jose residents Community groups and advocates stepped