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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 contrary to 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 regarding the City of San Jose’s ordinance that is recent payday financing into 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 full total wide range 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 the sheer number of payday financing stores, therefore the very very very first to consider a ban on brand brand brand brand brand brand new payday financing companies in low-income census tracts.

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