With Assemblymember Monique Limon’s anti-predatory lending bill reportedly headed towards Senate action next week, scrutiny of the measure is increasing. But something smells fishy here. From the Sacramento Bee: For California borrowers trapped in loans with triple-digit interest rates, a proposed bill to impose a 36% cap might seem like a godsend.If passed, Assembly Bill 539 would end a decades-long practice of allowing installment loans of $2,500 to $10,000 to carry such high interest rates by limiting that number to 36%.But in striking a deal on the legislation with loan companies, Assemblywoman Monique Limón, D-Goleta, and consumer advocates decided the bill would apply only to interest on the loan itself.It now leaves state agencies to continue oversight of other practices critics consider “predatory,” including credit insurance and additional fees that the Pew Charitable Trust says can unnecessarily increase borrowing by more than a third.“We have found in our research that…

With the entry of former Vice President Joe Biden into the 2020 presidential race, Sen. Kamala Harris’ luster has been a little lacking lately. But she’s grabbing attention this morning with a volley at gender-discriminating corporate America with a brand new proposal to fine them if they don’t pay men and women equally. From the Wall Street Journal: Sen. Kamala Harris is proposing that large employers pay women on an equal basis with their male counterparts or face government fines, seeking a sweeping shift in the way the nation addresses pay inequity. The Democratic presidential candidate released a plan Monday that would put the burden on companies to demonstrate that they are not engaging in pay discrimination. Ms. Harris’s campaign said companies would be fined 1% of their profits for every 1% wage gap they allow to continue for work of equal value. The campaign estimated that the plan would…

March Madness and NCAA brackets may be done and dusted. But a clean air advocacy group is keeping brackets–and pollution–on the minds of California legislators by delivering these “Clean Air Madness” bracketology posters to each and every legislative office in Sacramento. As spotted Friday in Sacramento, live and in person: The issue, according to the website listed on the bottom of the poster: “California spends billions each year on air quality and climate change, yet none of our state’s Air Quality Districts meet the minimal federal clean air standards.” The underlying message: The California Air Resources Board has become all about climate change, and has lost its focus on clean air as judged by three standards: Worst year-round particulate pollution, worst short-term particulate pollution and worst ozone. The coalition delivering the posters is backing clean trucks and clean fuels legislation, in the form of SB 216, AB 1115 and AB 1406. SB 216 may be…

As Democrats become more politically-dominant in California, it looks like they’re also making inroads with the Golden State’s business lobby. And it’s not just because the Cal Chamber wants to make nice with the guys in power. It turns out Republicans are pushing bills the Chamber thinks are straight-up giveaways to trial lawyers. The old Cal Chamber building in San Francisco. Because 1215 K Street, Sacramento, isn’t that scenic. Via CAL Matters this AM: Assemblyman Jordan Cunningham, a Republican from San Luis Obispo, is pushing Assembly Bill 288 to require social media companies to let users delete information when they close their accounts. The chamber worries the bill would lead to lawsuits. Cunningham: “Frankly, I find it somewhat humorous that the Chamber would waste a designation like this on a bill that would only apply to a few giant social networking companies that continue to prove that they cannot be…