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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

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

The San Jose City Council recently voted 9-1 to accept a land usage ordinance banning brand new pay day loan operations from starting in low-income communities and capping the sum total amount of cash advance outlets allowed in the complete town in the present wide range of 39. San Jose could be the city that is largest in the united kingdom to impose a capon the amount of payday financing stores, as well as the first to consider a ban on brand new payday financing companies in low-income census tracts. The Santa Clara County Board of Supervisors additionally voted unanimously to impose a moratorium that is permanent pay day loan companies in unincorporated aspects of the county.