Community groups and advocates stepped up their campaign resistant to the predatory payday loan industry this week by releasing coach adverts on VTAвЂ™s Route 22 along with other coach lines in Santa Clara County. The вЂњDonвЂ™t Get Trapped!вЂќ ads build in the City of San JoseвЂ™s current ordinance limiting payday financing within the town.
The San Jose City Council recently voted 9-1 to approve a land usage ordinance banning new cash advance operations from opening in low-income areas and capping the full total quantity of cash advance outlets permitted in the complete town during the present amount of 39. San Jose could be the biggest town in the united kingdom to impose a capon how many payday financing shops, and also the very very very 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 payday loans in Vermont to impose a permanent moratorium on cash advance companies in unincorporated regions of the county. (more…)