Officials in California's San Mateo County are considering a proposal related to payday loans and consumer credit decisions, the San Mateo Daily Journal reports. Assemblyman Charles Calderon, a Whittier Democrat, recently proposed a state bill that would increase the amount consumers are allowed to borrow from $300 to $500. Opponents to the legislation argue that this will compound the potential impact of payday lending debt. However, there are some safeguards in place to help ensure that consumers are more likely to be able to pay off what they owe. According to California Financial Service Providers, anyone who takes out a payday loan must have a bank account and a job, and cannot borrow more money before paying off the original loan. "The more choices consumers have, the better choices they can make based on their individual circumstances and alternatives," CFSP spokesman Greg Larsen told the news source. "Limiting consumer choice is never in the interest of consumers." Last month, a council member in nearby Daly City introduced legislation to ban new payday loan businesses from opening and phase out the seven in existence, according to CBS San Francisco.