Press Release

Wednesday, April 24, 2019
Assemblymember Grayson Welcomes the Elms Family
Assemblymember Grayson Welcomes the Elms Family
Assemblymember Grayson Welcomes the Elms Family
Assemblymember Grayson Welcomes the Elms Family
Tuesday, April 2, 2019

(Sacramento, CA) – Yesterday, legislation authored by Assemblymember Monique Limón (D-Santa Barbara) and Assemblymember Tim Grayson (D-Concord) to cap interest rates on consumer loans of $2,500 - $10,000 passed the Assembly Banking and Finance committee. AB 539 comes in response to the growing threat of predatory lending practices that entrap financially vulnerable families in unaffordable loans that they cannot repay.