The lack of any rules governing this booming industry gives unscrupulous lenders free rein to exploit Californians who desperately need financial support, charging them exorbitant – even ruinous – interest rates.

This lack of guardrails clogs the already overburdened court system and wastes taxpayer dollars. California’s most vulnerable residents – often unbanked or underbanked lower-income individuals who are people of color – are most at risk of falling prey to those who seek to capitalize on their misfortune.

This cannot continue if California wants to maintain its reputation as a progressive policy leader and a truly equitable state.

Enter your information here and help us protect Californians from getting fleeced by unscrupulous lenders who are making millions – if not billions – of dollars by taking advantage of the most vulnerable among us.