Coalition launches coach advertising campaign to discourage pay day loan usage among San Jose residents

Coalition launches coach advertising campaign to discourage pay day loan usage among San Jose residents

20, 2012– Community groups and advocates stepped up their campaign against the predatory payday loan industry this week by launching bus advertisements on VTA’s Route 22 and other bus lines in Santa Clara County june. The “Don’t Get Trapped!” ads build regarding the City of San Jose’s present ordinance limiting payday financing when you look at the town.

The San Jose City Council recently voted 9-1 to accept a land usage ordinance banning payday that is new operations from opening in low-income communities and capping the full total amount of cash advance outlets permitted in the whole city in the present quantity of 39. San Jose may be the biggest town in the united kingdom to impose a capon how many payday financing stores, as well as the 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 to impose a permanent moratorium on cash advance companies in unincorporated regions of the county.Leer Más