Dallas Morning News: “With payday loans, poor get the loans, firms get the payday”

July 25, 2010

Excerpt: “On July 2, a 74-year-old Dallas widow named Yvonne Sands received her monthly Social Security check of $1,360. Shortly after 7:30 a.m., she withdrew money from the bank and drove off to renew four payday loans with annual percentage rates of about 250 percent to more than 300 percent…” Read more on the Dallas Morning News site >>