Similar Stories to Two Largest States Consider Payday Lending Crackdown on Bing News

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:
  • Payday loan apps offer convenient cash at a steep price
    Payday loan businesses offer short-term cash advances, often with high interest rates, and expect re-payment on your next pay day. It’s not a new model, but one that many experts say is designed to ...
    04/29/2024 - 5:14 am | View Link
  • The fresh face of payday loans: Cash-advance apps
    Request a date change: As long as you’re not in default, you can request a due date change for your credit card, utilities and other bills. Change them to align with your paydays so you always have ...
    04/25/2024 - 3:00 pm | View Link
  • Payday lending rates are sky high, but not optimism for R.I. Senate to pass reform this year
    It’s a classic case of political power dynamics. Community advocates, voters and lawmakers have spent years trying to bring payday loan reform to Rhode Island. And every year, it fails, with ...
    04/23/2024 - 7:57 am | View Link
  • 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
    Ohioans have saved over $300 million in fees and interest since April 27, 2019, when the final parts of the law went into effect, according to an analysis of Ohio Department of Commerce data conducted ...
    04/16/2024 - 10:05 am | View Link
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