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Coalition launches coach advertisement campaign to discourage loan that is payday among San Jose residents

Coalition launches coach advertisement campaign to discourage loan that is payday among San Jose residents

Community groups and advocates stepped up their campaign from the predatory payday loan industry this week by establishing coach adverts on VTA’s Route 22 along with other coach lines in Santa Clara County. The “Don’t Get Trapped!” ads build in the City of San Jose’s current ordinance limiting payday financing within the town.

The San Jose City Council recently voted 9-1 to accept a land usage ordinance banning payday that is new operations from starting in low-income communities and capping the sum total quantity of pay day loan outlets permitted in the complete town during the present wide range of 39. San Jose may be the city that is largest in the nation to impose a capon how many payday financing stores, therefore the very very very first to look at a ban on brand brand new payday financing companies in low-income www loan by phone census tracts.