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Maine Amends Consumer Credit Code to Target Loans Made Using Bank Partnership Model
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New Illinois Predatory Loan Prevention Act Leaves Lenders and Borrowers with Uncertain Future | Troutman Pepper
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Business Law Today March Month-in-Brief: Illinois All-in APR Calculation, CA Office of Administrative Law Approves Revisions to CCPA, VA Governor Signs VCDPA | Hudson Cook, LLP
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Powerful alternatives to predatory lenders: Postal Service banking and public banks
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Michael Tubbs, the former mayor of Stockton, California, whose three-year basic income experiment has been making headlines for how it improved low-income residents’ well-being, will become “special advisor for economic mobility and opportunity” for California Governor Gavin Newsom, the Sacramento Bee reports.
The unpaid position involves serving on Newsom’s Council of Economic Advisors, working with businesses and economic development officials, and potentially working with legislators to advance laws around guaranteed income. Tubbs also told the Bee that he wants to push for other anti-poverty measures that he implemented in Stockton, such as college scholarships. “We should endeavor to end poverty in California,” he said.