L.A. County seeks to restrict lending that is payday

by City Information Provider L . A . – The l . a . County Board of Supervisors voted Tuesday to make a plan to safeguard customers from payday loan providers along with other high-interest loan items. Supervisor Hilda Solis suggested dealing with high-cost loan providers, whom she stated victimize low-income families. “While certified high-cost loans are really a appropriate industry, their products or services usually trap our communities in a unrelenting period of debt,”…