Let’s be plain about what makes these businesses so profitable: usury. Structuring a loan to charge $130 in fees per $100 borrowed (that’s the average for a payday loan paid back in installments) is usury, regardless of the political contortions that keep such businesses legal.
Tag Archives: Texas
Naivi Garcia doesn’t think of herself as a statistic, but she’s one of the many Texans—an average of 93 each day—who have their cars repossessed by auto-title lenders, according to reports from the state Office of Consumer Credit Commissioner. It’s the first time the state has collected consumer data from the payday loan and auto-title lending industries.
How did Texas Republicans react to Obama and the national Democrats’ very good night? By hailing Texas as the conservative Shangri-La that will show the nation the way, or at least serve as a safe haven while Socialist America descends into an orgy of gay-married pot smokers and Black Panthers using Obamaphones to order free government pizzas.
Since a Texas Department of Public Safety helicopter sniper fatally shot two Guatemalan men and critically injured another last week during a high speed […]
“Kochworld” profiles the fenceline communities bordering the Koch and Citgo-owned refineries in Corpus. Melissa del Bosque and Jen Reel spent months interviewing sick residents living in the shadow of refineries spewing large amounts of known carcinogens such as benzene and 1,3-butadiene.
First the armored boats with machine guns on the Rio Grande now helicopter snipers. Steve McCraw, director of the Texas Department of Public Safety, […]
In this episode, I sit down with Observer contributor Saul Elbein and Democratic political consultant Jeff Rotkoff to tackle Texas voter turnout. For this month’s […]
Former New York Times editorial page editor and columnist Gail Collins speaks with Executive Editor Dave Mann about Texas politics.