Berkeley payment wishes limit on predatory lenders
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BERKELEY — Deriding payday and red slide loan companies as “predatory” and “usurious,” preparation commissioners searched at their Dec. 3 conference for methods to prohibit, or at limit that is least, the sheer number of such companies into the town.
“On one hand, i wish to eliminate of the noxious (company),” Commissioner Dan Lindheim stated. “On one other hand, i do want to make certain there clearly was some facility when you look at the town for those who need this noxious (solution).”