Skip to main content

Assemblymember Ash Kalra Commends California Supreme Court Ruling on Predatory Lending

SACRAMENTO – Assemblymember Ash Kalra commends the California Supreme Court’s ruling in De La Torre v. CashCall finding that high-interest rates on loans above $2,500 are “unconscionable.” Over the past two years Assemblymember Kalra has been leading the effort to place reasonable interest rate caps on high dollar consumer loans over $2,500.

“I applaud the California State Supreme Court for doing what the Legislature could not; finding that high-interest rate loans are unacceptable.” Assemblymember Kalra goes on to say, “This ruling is a significant step forward, however, it remains the responsibility of the Legislature to put in place sound and reasonable financial protections for consumers who need a loan when faced with stressful financial circumstances.”

California Nonprofit of the Year

Congratulations to the Community Seva on being recognized as the San José Assembly District 27 Non-profit of the Year. "It is a great honor for me to recognize Community Seva as the 27th Assembly District’s 2018 Nonprofit of the Year, and I commend the organization for its tireless dedication to the local San Jose community and beyond. Community Seva has served 67,505 meals to date, provided supplies, and has given unwavering support to communities in need since its founding five years ago. I look forward to celebrating this invaluable and compassionate organization at our State’s Capitol.” said Assemblyman Ash Kalra.

Asian & Pacific Islander Heritage Month Celebration

In the month of May, we have the opportunity to recognize Asian and Pacific Islander community members for their dedicated work and commitment to the fabric of Silicon Valley. This year we have the honor of recognizing ten remarkable leaders of Assembly District 25, 27, and 28. Congratulations to the ten extraordinary men and women of Assembly Districts 25, 27, and 28. We are inspired by all that you do!