Bill Could Undo City Texas Cash Advance Ordinances at City Degree

Bill Could Undo City Texas Cash Advance Ordinances at City Degree

Proposed legislation could void lots of Texas metropolitan areas that regulate Texas payday advances.

Texas, that has usually been called the “Wild West” of payday financing, does little to manage loans that are payday. There’s no restriction as to what loan providers may charge, also it costs borrowers on average $701 in order to borrow $300 for five months, in accordance with Pew Charitable Trusts. Continue reading »