Posts Tagged: credit history

Analysis

An exodus from California? Actually, no

An artist's rendering of a California highway sign. (Image: gguy, via Shutterstock.)>

ANALYSIS: New research released by the nonpartisan California Policy Lab finds that contrary to suggestions about a mass exodus from California, most moves in 2020 happened within the state. Exits from California in 2020 largely mirrored historical patterns, while the biggest statewide change was a decrease in people moving into California.

Opinion

Loan rate-cap bill would harm consumers

A loan document ready to be signed. (Photo: Lane V. Erickson, via Shutterstock)

OPINION: The California Senate Banking Committee is scheduled to hold a hearing Wednesday on a bill that caps consumer loan rates and threatens to sever a vital credit lifeline for many. Oddly, three commercial lenders who offer the kind of loans subject to this regulation support it.Assembly Bill 539 would cap the interest rate at 36% plus the federal funds rate on loans of more than $2,500 but less than $10,000.

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