On Monday we blogged about AB 377 (Mendoza), which may allow Californians to publish a check that is personal

On Monday we blogged about AB 377 (Mendoza), which may allow Californians to publish a check that is personal for approximately $500 to secure a pay day loan, up notably through the present optimum of $300. Under this proposed change, a debtor whom writes a $500 check up to a payday lender would obtain a $425 loan – which must certanly be paid back in complete in only fourteen days approximately – and pay a $75 charge. That’s a...

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