Kalra Introduces "Safe Consumer Lending Act"
(Sacramento) - Assemblymember Ash Kalra (D-San Jose) has introduced Assembly Bill 2500, the Safe Consumer Lending Act, a bill to protect California families from abusive high-cost installment loans.
“California has no shortage of predatory lenders. We see them pop-up around the state, especially in low-income neighborhoods,” said Assemblymember Kalra at a State Capitol news conference. “These types of loans, those with exorbitantly high interest rates, hurt hard working families the most.”
AB 2500 would extend California’s current interest rate cap to all consumer loans between $2,500 and $10,000.
Assemblymember Ash Kalra to host press conference to announce introduction of bill to protect California families from abusive loans
For Immediate Release
February 14, 2018
* * * * * MEDIA ADVISORY * * * * *
WHAT: Assemblymember Ash Kalra to host press conference to announce introduction of bill to protect California families from abusive loans
WHEN: Thursday, February 15, 2018 – 10:30 a.m.
Borrow $5,000, repay $42,000 — How super high-interest loans have boomed in California
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Assemblymember Ash Kalra Denounces Actions of Federal Immigration Officials Against Southeast Asian Americans
SACRAMENTO – Assemblymember Ash Kalra (D-San Jose), who is a member of the California Asian Pacific Islander (API) Caucus, released the following statement following the release of the API Caucus’s letter to the Department of Homeland Security regarding the reports of targeted detainment and po
California Eliminates High School Exit Exam, Bill by Assemblymember Ash Kalra Signed Into Law
SACRAMENTO – Governor Brown signed Assembly Bill (AB) 830 authored by Assemblymember Ash Kalra (D-San Jose), repealing the California High School Exit Exam (CAHSEE).
Dakota Access Pipeline Bill Authored by Assemblymember Ash Kalra Signed By Governor
SACRAMENTO – Governor Brown signed Assembly Bill (AB) 20 authored by Assemblymember Ash Kalra (D-San Jose), requiring the state’s two largest pension systems to submit a report on investments in the Dakota Access Pipeline (DAPL).