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National & State Research

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The Texas payday and auto title loan market is broken. The rapid growth of payday and auto title loan storefronts and online operations have led to an explosion in high-cost loans designed to trap borrowers in a cycle of debt.  Loans due in one payment and those due in installments both lead borrowers into the same trap. On average, Texans pay $1,200 or more for a $500 loan. The resources below offer national information about the debt trap and policy solutions.

CFPB Data & Rulemaking

 

Studies and Surveys on Payday and Auto Title Loans