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On Monday we blogged about AB 377 (Mendoza), which will allow Californians to publish a individual check

for approximately $500 to secure a loan that is payday up dramatically through the present optimum of $300. A borrower who writes a $500 check to a payday lender would get a $425 loan – which must be repaid in full in just two weeks or so – and pay a $75 fee under this proposed change. That’s a significant payday for payday loan providers. Continua a leggere