Redwood City’s agent in the San Mateo County Board of Supervisors passed an answer that will avoid lenders that are payday establishing shop.
By Stacie Chan , Patch Staff
San Mateo County Supervisor Rose Jacobs Gibson is leading an assault against companies that provide pay day loans, claiming lenders frequently attach unjust rates of interest into the ones available in poor areas.
The San Mateo County Board of Supervisors unanimously authorized an answer Tuesday, which examines the chance of bringing businesses that are alternative provide comparable solutions to San Mateo County.
The quality, sponsored by Jacobs Gibson, additionally directs county staff to appear in to the chance of zoning and restrictions that are permitting could avoid payday loan providers from creating store in a few areas.
“this will be a statement that is strong we have been concerned with the predatory nature of pay day loans,” stated Jacobs Gibson, whom represents Redwood City, Menlo Park, East Palo Alto, as well as other unincorporated areas. Continue reading Supe Rose Jacobs Gibson Assumes Pay Day Loans