Posts Tagged ‘payday loans’

How the Payday Loan Industry Works Regulators from the Inside

Texas Finance Commission Chairman William White and his company, Cash America, have been intimately involved in trying to undermine the efforts of Texas’ big cities to regulate payday and auto-title loans at the municipal level, documents show.

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Payday Lenders Told to Stop Pursuing Their Customers Criminally

Three months after an Observer investigation exposed how some payday loan companies are aggressively pursuing criminal charges against their customers, the state body that oversees the industry has issued an advisory telling companies to stop the practice.

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Texas Cities Huddle on Ways to Beat Payday Lenders

At the Texas Municipal League’s annual convention in Austin on Thursday, city officials from across the state gathered to encourage each other to pass regulations on payday and auto-title lending, an unregulated sector many consider usurious, if not predatory, and to discuss ways to defend against the industry’s lawsuits.

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