DPC in Great Bend Tribune

On June 27, Domestic Policy Caucus Chairman Patrick Rosenstiel wrote an op-ed that appeared in the Great Bend Tribune discussing the California Assembly Bill 539.

After highlighting the predatory nature of AB 539, Rosenstiel closed with the following, “According to a recent Federal Reserve Board study, 40 percent of Americans do not have $400 on hand to meet an emergency situation. Every year, hundreds of thousands of Californians living on the edge, most with less than stellar credit, take out short-term installment loans from companies that aren’t banks to put out fires between paychecks. Cars get wrecked. Kids get hurt. Grocery shelves empty. The rent’s due. Honest, smart, hardworking people can easily find themselves in a financial crunch. Under AB 539, these folks easily become victims. Opportun has litigated against tens of thousands of minority families in LA County alone. This bill deserves to go on the compost heap of bad ideas, and fast.”

Read the full op-ed here.