• Donate
  • Subscribe
  • About
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
  • WhatMatters
  • Politics
    • 2020 Voter Guide
    • Votebeat
    • Election 2020
    • Inside the Capitol
  • Justice
    • California Divide
    • Housing
    • Immigration
    • Labor
  • Economy
    • California’s Pension Crisis
    • Poverty
  • Education
    • Corona on Campus
    • Disaster Days
    • K-12 Education
    • Higher Education
  • Children and Youth
  • Environment
    • Building Efficiency
    • California Wildfires
    • Climate Change
    • Frayed Wires
    • Rising Seas
    • Water
  • Health
    • Breakdown: Mental Health
    • Coronavirus
    • Drug Costs
    • Wellness
  • Commentary
    • Dan Walters
    • My Turn
    • Reader Reactions
  • Multimedia
    • Explainers
    • Data Points
    • Force of Law
    • Gimme Shelter
    • California State of Mind
    • Interactives
    • Video
  • Events
  • DONATE
  • About
    • Advisory Board
    • Board of Directors
    • California Dream Project
    • Contact Us
    • Inside CalMatters
    • Institutional Membership
    • Internships
    • Jobs
    • Media partners
    • Meet Our Team
    • Mission
    • Reports & Financials
    • Supporters
  • WhatMatters
  • Politics
    • 2020 Voter Guide
    • Votebeat
    • Election 2020
    • Inside the Capitol
  • Justice
    • California Divide
    • Housing
    • Immigration
    • Labor
  • Economy
    • California’s Pension Crisis
    • Poverty
  • Education
    • Corona on Campus
    • Disaster Days
    • K-12 Education
    • Higher Education
  • Children and Youth
  • Environment
    • Building Efficiency
    • California Wildfires
    • Climate Change
    • Frayed Wires
    • Rising Seas
    • Water
  • Health
    • Breakdown: Mental Health
    • Coronavirus
    • Drug Costs
    • Wellness
  • Commentary
    • Dan Walters
    • My Turn
    • Reader Reactions
  • Multimedia
    • Explainers
    • Data Points
    • Force of Law
    • Gimme Shelter
    • California State of Mind
    • Interactives
    • Video
  • Events
  • DONATE
  • About
    • Advisory Board
    • Board of Directors
    • California Dream Project
    • Contact Us
    • Inside CalMatters
    • Institutional Membership
    • Internships
    • Jobs
    • Media partners
    • Meet Our Team
    • Mission
    • Reports & Financials
    • Supporters
Skip to content
CalMatters

CalMatters

California, explained

  • Donate
  • Subscribe
  • About
  • Trending
  • 2020 California Election Results
  • Coronavirus
  • Votebeat
  • California Wildfires

Tag: ab 539

Lenders like this ACE Cash Express in Chula Vista have been issuing a growing number of high-rate loans to those deemed high-risk customers. Photo by Peggy Peattie for CalMatters

California’s new “predatory lending” law, explained

Byrhonda Lyons by Byrhonda Lyons November 7, 2019November 27, 2019

Starting next year, Californians who take out consumer loans of between $2,500 and $10,000 can be charged an interest rate no higher than 35%. With annual fees, the maximum cost can pencil out to as high as 46%. That’s still significantly lower that the 100%-plus interest rates lenders have been charging — legally. The new […]

© 2021 CalMatters. Proudly powered by Newspack by Automattic Privacy Policy
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube