Thou shall not be a usurer

 

 

 

payday loan

The new Payday Lending bill out of the legislature is garbage, if you couldn’t tell. From the Texas Tribune, it looks like what they have agreed upon won’t do much good. Don Baylor, a representative of the Center for Public Policy Priorities, stated that the regulation was so weak that “It’s kind of akin to putting a 75 mile-per-hour speed limit on a residential road.” Additionally, it looks that stronger regulations in cities like Austin and Dallas may be undercut by this state regulation.

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