Posts Tagged ‘title loans’

Payday Loan Chain Owned by Major GOP Donor Skirts Texas Law

As serendipity would have it, I had stumbled onto the latest mutant creature in the wild and wooly world of Texas payday lending. “What you’ve come across is really important,” said Ann Baddour of Texas Appleseed. “It looks like they have found a loophole within a loophole.”

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Every Day in Texas, 93 People Lose Their Cars to Auto-Title Lenders

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.

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