Posts Tagged: credit history

*An exodus from California? Actually, no

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

by CALIFORNIA POLICY LAB posted 03.04.2021

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.

Loan rate-cap bill would harm consumers

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

by KERRY JACKSON posted 06.25.2019

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.