Tag Archives: payday loans
Court Blocks Class Action Suit Against Payday Lender
An appeals court derailed a class action lawsuit aimed at keeping payday lenders from using the criminal justice system to file charges against debtors.
An appeals court in San Antonio derailed a class action lawsuit aimed at keeping payday lenders from using the criminal justice system to file charges against d...Read More
Jumping the Loan Sharks
Ending predatory lending is a 'big jigsaw with a lot of pieces,' but one model, developed in the Valley, may solve part of the puzzle.
Commercial payday loans can carry interest rates in excess of 400 percent and must be repaid within months or weeks, often causing financially troubled customer...Read More
Report: Texas Payday Lenders and Prosecutors Team Up to Criminally Pursue Borrowers
New research released this morning by Texas Appleseed shows that criminal charges against payday borrowers for missing payments is common in Texas, despite a ba...Read More
Rep. Gary Elkins’ Payday Loan Business Faces Criminal Prosecutions
In Dallas and San Antonio, a payday loan business owned by state Rep. Gary Elkins faces criminal prosecutions for allegedly violating city ordinances....Read More
Texas Payday Lenders Charging Even More in Fees
A new report finds that Texas payday lenders are making fewer loans but raking in even more in fees, about $1.4 billion in 2013....Read More
This Week in Upside-Down World: Payday Lenders Upset about ‘Special Interests’
Not content to employ an army of former lawmakers and staffers, payday lenders are upset that "special interests" are saying mean things about them....Read More
Observer Radio Episode 40: The Mystery of the San Antonio Four
Maurice Chammah joins us to discuss his recent cover story, "The Mystery of the San Antonio Four."...Read More
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 ci...Read More
Houston City Council Overwhelmingly Passes Payday Loan Ordinance
Today, the Houston City Council voted 15-2 to join every other major Texas city except one (hello, Fort Worth) in regulating payday loan companies. ...Read More