CREDIT: AP Predatory lenders thrive in Texas, where regulations are scarce on stores that offer payday advance loans and allow borrowers to put their cars up as collateral for high-cost, short-term credit. But a trio of bills being considered in the legislature would update state law to make it harder for desperate borrowers to wind up trapped in endless loan-renewal cycles when they turn to payday and auto title loans.

BING NEWS:
  • Editorial: Preserve regulated access to ‘payday’ loans
    For individuals who are underbanked, they can be the safest short-term option to secure funds in an emergency.
    04/17/2024 - 1:01 pm | View Link
  • Payday lending law that took effect 5 years ago has saved Ohioans $300 million in interest, fees, advocates say
    If an Ohioan borrowed $500 from a payday lender five years ago, the interest and fees piled up to a total average repayment of $1,180. Today, that same loan would cost a total of $595 on average, ...
    04/16/2024 - 5:42 am | View Link
  • Payday Loans: How Do They Work & What Do You Risk
    Payday loans are short-term, high interest loans that provoke concerns over debt cycles. They are an expensive and dangerous way to borrow money.
    04/10/2024 - 6:17 pm | View Link
  • Monique Stanton: Payday lending practices have left many Michiganders drowning in debt
    The exorbitantly high interest rates and short repayment periods that come along with payday loans here in Michigan have left many Michiganders drowning in debt. These are people looking for a life ...
    04/5/2024 - 9:18 pm | View Link
  • Another One Bites the Dust: Trump 2020 Lawyer Can No Longer Practice
    In January, the California state bar began disbarment proceedings against Eastman for helping to lead Donald Trump’s efforts to undermine the 2020 presidential election results and prevent the ...
    04/2/2024 - 9:36 am | View Link
  • More

 

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