Berkeley goals interest that is high’ loan shops. Berkeley will join at the very least a half dozen other Bay region metropolitan areas and counties including Oakland, San Jose and bay area where limitations or bans have already been positioned on the firms.

Berkeley goals interest that is high’ loan shops. Berkeley will join at the very least a half dozen other Bay region metropolitan areas and counties including Oakland, San Jose and bay area where limitations or bans have already been positioned on the firms.

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BERKELEY — New check cashing shops attempting to sell interest that is high” loans face a ban or serious limitations while the town joins an increasing number of Bay region jurisdictions breaking straight down on the organizations.

Berkeley City Councilman Jesse Arreguin, whom authored an agenda to draw up brand new guidelines on new shops when you look at the town, stated he did therefore since the shops “prey on our community.”

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