Policy & Legislation

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The California office works with regulatory agencies as well as the Legislature on payday lending policy.

  • Senate Bill 515 "Reforming Payday Loans"
    Published: Apr 5 2013      Issue: Payday Loans

    California payday loan borrowers get caught in a cycle of repeat borrowing of 459% Annual Percentage Rate (APR) loans. Reforms are necessary to ensure that payday loans serve their advertised...

  • CRL Strongly Supports SB 515 Reforming Payday Loans
    Published: Apr 2 2013      Issue: Payday Loans

    SB 515 includes three principal reforms: it caps the number of payday loans per borrower at four per year; extends the minimum term of a payday loan, so that borrowers will have more time to...

  • Reforming the Debt Trap in California
    Published: Jan 31 2013      Issue: Payday Loans

    For California families living paycheck to paycheck, the high price of a payday loan and the fact that it must be paid off in one lump sum two short weeks later virtually ensures that...

  • Payday Loans: A Stepping Stone to Debt, Reduced Credit Options and Bankruptcy
    Published: Jun 24 2009      Issue: Payday Loans

    Collection of research studies on payday lending that counter the argument that the absence of payday loans cause bankruptcy and suggest that access to payday loans increases the likelihood that...

  • AB 377: Do Californians Need $500 Payday Loans?
    Published: Jun 18 2009      Issue: Payday Loans
  • Payday Lending and the Debt Trap in California
    Published: May 31 2009      Issue: Payday Loans

    Payday lending—the provision of 459% APR loans to cash-strapped borrowers—drains more than $450 million from California’s pockets every year.

  • 2009 California Payday Lending Toolkit for New Legislators
    Published: Jan 1 2009      Issue: Payday Loans

    The California Office of the Center for Responsible Lending prepared the following documents to help California's newest legislators navigate the predatory payday lending arena.

  • SNAPSHOT: Payday Lending in California
    Published: Jan 1 2009      Issue: Payday Loans

    CA Payday Fact and Policy Sheet. Data on payday lending and payday loans in California.