SACRAMENTO Subprime home loans subject to tighter rules The California Assembly has approved legislation that attempts to head off more housing foreclosures by putting some restrictions on the use of subprime loans.

The California Assembly has approved legislation that attempts to head off more housing foreclosures by putting some restrictions on the use of subprime loans.

The California Assembly has approved legislation that attempts to head off more housing foreclosures by putting some restrictions on the use of subprime loans. The bill by Assemblyman Ted Lieu, a Democrat from Torrance, would prohibit lenders from offering...

An Assembly committee strips a key provision that would cap interest rates on loans at 36%. The California Assembly's Banking and Finance Committee on Monday significantly weakened a bill that would have slashed interest rates charged on payday loans.