Bill Could Undo City Texas Cash Advance Ordinances at City Amount

Proposed legislation could void a large number of Texas towns that regulate Texas payday advances.

Texas, which includes usually been called the “Wild West” of payday financing, does little to manage loans that are payday. There’s no restriction from what loan providers may charge, also it costs borrowers on average $701 in order to borrow $300 for five months, based on Pew Charitable Trusts. Read more