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Coalition launches mentor ad campaign to discourage cash loan usage among San Jose residents

Coalition launches advisor ad campaign to discourage cash loan use among San Jose residents

20, 2012 Community groups and advocates stepped up their campaign resistant to the predatory payday loan industry this by launching bus advertisements on VTAs Route 22 and other bus lines in Santa Clara County june week. The Dont Get Trapped! adverts build within the City of San Joses ordinance this is certainly payday that is recent to the town.

The San Jose City Council recently voted 9-1 to accept a land use ordinance banning payday that is brand brand brand new operations from beginning in low-income areas and capping the sum total number of unsecured guarantor loan outlets allowed into the complete city throughout the current volume of 39. San Jose will be the town this is certainly biggest in the uk to impose a capon the quantity of payday funding shops, while the initial to check out a ban on brand name payday that is new companies in low-income census tracts. The Santa Clara County Board of Supervisors additionally voted unanimously to impose a moratorium that is pay that is permanent loan organizations in unincorporated facets of the county.

Families living paycheck to paycheck, struggling to create ends satisfy, often fall victim to payday lenders offers of fast, convenient payday advances.