Opinion
Needed: Protections for consumers from high-interest loans
A photo illustration depicting sky-high interest rates. (Image: Becky Stares, via Shutterstock)OPINION: High-cost, extreme interest rates are having a detrimental impact on the financial stability and well-being of both credit markets and borrowing consumers. We strongly support Assembly Bill 539 (Limón) as the right approach for consumers to have a loan that is affordable and accessible while promoting a sustainable, healthy credit market for lenders.