California Regulator Reports Rebound in Post-COVID Predatory Payday Lending
OAKLAND, CA - Payday lending activity increased significantly in California from 2021 to 2022, according to an annual report released by the California Department of Financial Protection and Innovation (DFPI) last month. The report tracks the activity of 109 lenders who voluntarily reported their lending. The number of payday loans surged by over 18.4 percent and the dollar value by...