Advertisement

Texas News

News > Texas News > Thousands Lose Cars Amid Calls for Loan Restrictions

Thousands Lose Cars Amid Calls for Loan Restrictions

State leaders in business-friendly Texas have been reluctant to put new limits on any industry, and a lack of regulation is being acutely felt by the low-income borrowers to whom the payday and auto-title lending industry most often caters. Nationally, the average payday loan consumer earns about $26,000, according to a 2013 white paper from the federal Consumer Financial Protection Bureau. The Center for Responsible Lending, a nonprofit that fights predatory lending, categorizes Texas as a state “without meaningful regulation of payday lending.”     http://www.texastribune.org/2014/08/24/payday-lending/  

An official in Texas says authorities there had no reports involving the couple charged in California with...
(Shutterstock | Stokkete) The year 2017 was huge for job creation in Texas. The addition of 68-thousand people...
(Photo Shutterstock/By thanat sasipatanapa) Apple announces big investment plans for the US economy over the next...
(Photo:Shutterstock/Katherine Welles) Michael Sarraille, a former lieutenant commander in the U.S. Navy and a...
President Trump’s November decision to designate North Korea as a state sponsor of terrorism — in response to...