07/15/2019 02:02 pm
GLENDORA, Calif.–America’s Christian Credit Union (ACCU) said it has joined with a coalition of faith leaders, consumer advocates, and concerned citizens seeking to end predatory lending practices in California in support of California Assembly Bill 539, “The Fair Access to Credit Act.” AB 539 seeks to end cycles of toxic debt by setting new interest rate caps, imposing new rules governing loan duration, and prohibiting prepayment penalties, the credit union said.