Tag Archive: payday loan

Jul 02 2014

Push to rein in predatory payday and auto title lending gains momentum

In an effort to rein in abusive practices by payday and auto title loan businesses, Midland is the latest municipality to pass Texas’ unified ordinance, which sets basic affordability standards for payday and auto title loans and helps borrowers avoid a never-ending cycle of debt. “Our state has some of the most lax oversight of payday and auto title …

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Permanent link to this article: http://www.easttexasreview.com/push-to-rein-in-predatory-payday-and-auto-title-lending-gains-momentum/

Apr 09 2013

State fails consumers: Predatory lenders to continue bad business

Statement from Joe Sanchez, AARP Texas Associate State Director for Advocacy, on the Senate Committee on Business and Commerce’s passage of Senate Bill 1247: “The Senate Committee on Business and Commerce took a step backwards today that will leave tens of thousands of Texans exposed to abusive payday and auto title loans. SB 1247, by …

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Permanent link to this article: http://www.easttexasreview.com/state-fails-consumers-predatory-lenders-to-continue-bad-business/