Rick Perry has two payday lending bills on their desk waiting become signed. These bills are created to protect customers, however in truth, they are doing practically nothing toward accomplishing this goal.
Proponents regarding the bills have rightly noticed that payday loan providers and car title lenders have actually operated without significant state legislation in Texas due to a loophole that is strange permits them to prepare as Credit Service businesses. These bills, their sponsors argue, bring genuine defenses to Texans making use of these loans. Continue reading “Chance missed in Texas’ payday financing legislation”