Payday loan providers in Texas have actually sued to block federal guidelines that advocates state are desperately had a need to protect borrowers in circumstances that includes did not control the industry.
Texas can be called the “ Wild West ” of predatory financing, an anything-goes wonderland where payday and auto title loan companies may charge people that are low-income charges each time they desperately require an advance loan to, say, maintain the lights on or make lease. The other day, payday financing teams filed a federal lawsuit in Austin that aims to make certain Texas continues to be a lucrative location for the industry. Read More