What’s the link between asset building and payday lending, you may ask? Payday lending is bleeding many working families from the small assets that they do have; that’s the link. And that is also the reason why more should be done to prevent predatory lending in CA.

‘Payday loan’ firm sued by city attorney
Heather Knight, San Francisco Chronicle, 04/27/07

SAN FRANCISCO - San Francisco City Attorney Dennis Herrera sued storefront lenders Check ‘n Go and Money Mart on Thursday, accusing them of violating state fair business practices law by marketing short-term installment loans and charging exorbitant interest rates.