Mayor Gavin Newsom and Treasurer José Cisneros today announced the
launch of Payday Plus SF, an alternative payday loan offered by six San
Francisco Credit Unions that will provide responsible small dollar
loans of up to $500, with low interest rates, financial counseling, and
an extended repayment term. The program is designed to help San
Franciscans avoid high-interest rate payday loans that often trap
borrowers in a cycle of debt. Read more...
