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Groups that offer high-interest, short-term consumer loans and want to avoid state regulation contributed more than $1.4 million to Texas politicians over the past nine years, Texas Ethics ...
High interest rates. Texas borrowers who pay up in 14 days are charged an interest rate of about 22 percent. So the typical borrower of a single-payment payday loan of $500 will pay an extra $110 ...
So many people struggle in that space between one paycheck and the next. Unable to make it, some turn to a payday loan. But that short-term solution can put them in long-term debt. "I didn't read ...
Lawmakers need to enact legislation to regulate the booming payday loan business in Texas. Payday and auto title lenders in Texas are not subject to rules and regulations that apply to banks and ...
Before Texas became the capital of payday loans, it was a welcoming place for consumers.The famous phrase “Gone to Texas” took hold in the 19th century, in ...
Not all loans are created equal. Like if someone needs to borrow $100 to cover a bill before his next paycheck, he’s likely to pay about $20 back on that intial amount. Some states have labeled ...
Texas payday loan lending rates are highest in U.S. at a staggering 662 percent, a new report says. Texans who borrow from payday lenders can expect to pay annual percentage rates of 662 ...