Category Archives: small payday loans

Texas Payday Lenders Charging Even More in Charges

During the last five sessions, state lawmakers have inked almost nothing to manage payday and name loans in Texas. Legislators have actually allowed loan providers to keep providing loans for limitless terms at unlimited rates (often a lot more than 500 per cent APR) for an unlimited quantity of refinances. The main one legislation the Texas Legislature was able to pass, last year, was a bill needing the 3,500-odd storefronts to report data in the loans to a situation agency, work of credit Commissioner. Continue reading