Fort Worth Star-Telegram: “Big print is a big step toward reining in payday loan fees”
January 11, 2012
Excerpt: If Texas won’t fix payday lending, will Washington? Or how about better-informed customers?
Consumer advocates have long pushed to rein in these high-cost loans that target the working poor. About 10 percent of Texas residents take out small cash advances, using future paychecks as collateral. But many roll over the loans and are overwhelmed by big fees. Some relief agencies have said that the loans forced many clients to seek their help. Read more here >>