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The customer advocate, stated that Cash Biz’s “innovation” points to a persistent problem with the cash advance industry in Texas.

The customer advocate, stated that Cash Biz’s “innovation” points to a persistent problem with the cash advance industry in Texas. “What we’ve seen again and again is the fact that payday loan providers in Texas are pressing the restrictions for the legislation, constantly locating the loopholes, finding methods to navigate…

Dear Congress: eliminate the rent-a-bank ruse

Dear Congress: eliminate the rent-a-bank ruse The present push by payday lenders to try to outflank state regulations is but one explanation Congress has to work on a fresh proposition that could cap rates of interest at 36%. Contemporary payday lenders — providing the high-interest credit that happens to be…