Tuesday, May 16, 2006

Those in the Golden State now have a new resource for instant payday loan information at their fingertips. 

The California Reinvestment Coalition (CRC) has unveiled its new and improved website, Calreinvest.org. The site includes current, detailed information about the effects of payday advance lenders and check cashers, predatory mortgage lenders, tax refund anticipation loans and other financial predators in the state's low-income communities and communities of color.

The site also displays recent developments in CRC's work with California's major banks to make specific dollar and lending commitments to California communities, and to offer fair financial services in all neighborhoods. The most recent commitments, written by the banks, are posted on the site.

The new site is a wonderful tool for community groups, the media, consumers, policy makers and bankers alike. It includes CRC's latest reports, press releases and work against predatory cash loan lending and unfair banking and insurance practices. This is a state that has recently passed legislation against military payday loans and wants other individuals to have similar protection.

This entry was posted on Tuesday, May 16th, 2006 at 2:34 pm and is filed under California.