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Press Releases

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.”

DACA Protection Bill Authored by Assemblymember Ash Kalra Signed Into Law by Governor

SACRAMENTO – Governor Brown today signed Assembly Bill (AB) 21, a bill authored by Assemblymember Ash Kalra (D-San Jose) that seeks to mitigate the impacts of potential federal changes to immigration enforcement policies, including the Deferred Action for Childhood Arrivals (DACA) program, to ensure DACA recipients have access to financial aid, legal representation and their constitutional righ