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Doctored Payday Lending Bill Passes Senate – The Texas. D-Houston, that prevents state regulation of payday lenders from preempting local regulations. Previously, the bill established a statewide minimum level of regulation and preempted.
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Sanders and AOC want to cap interest rates on consumer loans at 15% – here’s why that’s a bad idea – While that sounds nice in principle, in practice their plan would hurt some of the people it’s intended to help by killing off an industry that’s vital to struggling households: short-term,
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John Oliver slams Texas payday-loan industry, lawmakers – short-term loans to poor people between paychecks, Oliver turned to a 2011 debate in the Texas Legislature as an example of the lobbying power the industry has nationally. Oliver showed video of state.
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