Texas Payday Lenders Face New Rules, Scrutiny
“They are generally embarrassed to admit they sought a loan without understanding the fees involved. We are concerned that our charitable dollars are in fact funding the profits of payday lenders rather than helping the poor achieve self sufficiency. …
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Laws coralling short term lenders are a warning shot
Our charitable dollars are in fact funding the profits of payday lenders rather than helping the poor achieve self-sufficiency." Others argued taxpayer-funded assistance was in essence subsidizing the short-term loan industry, which has enjoyed …
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