DFPI Review Indicates California Payday Loans Exercises Notably Decreases Amid Epidemic

SACRAMENTO, CA – During a historical pandemic, California’s payday financial institutions had fewer than 6.1 million loans in 2020, symbolizing a 40 per cent decline in financial products from 2019 and a 30 % decrease in consumers when compared with 2019, as reported by the 2020 total state of pay check financing actions beneath Ca Deferred first deposit Transaction guidelines …