DailyFinance (AOL Money & Finance): “Costly Cash: In Texas, Towns Try Zoning Out Payday Lenders”

March 10, 2010

Excerpt: “Brownsville, Texas, a city in the state’s southernmost part, is taking on payday lenders. In December, it placed a six-month moratorium barring these lenders — which specialize in short-term loans backed by collateral and with interest rates equivalent to 300% to 400% or more annually — from opening any new “money stores” in town…” Read more on the DailyFinance site >>