Lendmark Supports California Consumer Protection Bill Signed into Law

Lendmark Supports California Consumer Protection Bill Signed into Law

ATLANTA–( BUSINESS WIRE )–California Governor Gavin Newsom finalized into law AB539, the Fair use of Credit Act, in reaction towards the epidemic that is growing of lending this is certainly presently allowed underneath the California Financing Law(1).

Based on the many Department that is recent of Oversight report, over 55% of loans to customers between $2,500 and $5,000 were being charged prices of 100% APR or higher(2). Daha fazlasını oku