Posts Tagged: Salazar

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.

News

Politico sets sights on Sacramento

A screen-capture image from Politico's Twitter feed.

Politico, a Washington, D.C.-based news outlet, plans to expand its California presence by adding 34 full-time employees by the end of next year and an additional seven by 2020, according to state business officials.

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