Chance missed in Texas’ payday lending legislation

Chance missed in Texas’ payday lending legislation

Rick Perry has two lending that is payday on their desk waiting become signed. These bills are created to protect customers, however in reality, they are doing practically absolutely nothing toward accomplishing this objective.

Proponents regarding the bills have rightly remarked that payday loan providers and car name loan providers have actually operated without significant state legislation in Texas due to a loophole that is strange enables them to arrange as Credit Service businesses. These bills, their sponsors argue, bring genuine defenses to Texans making use of these loans. Continue reading Chance missed in Texas’ payday lending legislation