Dallas Morning News: Feds Target Abusive Payday Collection Practices

March 30, 2015

The Consumer Financial Protection Bureau is taking its long-awaited whack at curbing payday lending abuses. The ideas are noteworthy.

In Texas and other states, consumer activists have focused on reforming the length of payday loans, the fees charged and other elements of the loan agreement that bury borrowers in heavy debt. In Texas, Dallas is a leader in payday lending reform and this bill in Austin would protect the right of cities to regulate payday abuses and extend those tougher provisions statewide.

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