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Payday Lending

May 12, 2015

Payday Lenders May Face Tighter Regulation in Texas

A bill has passed the Texas House that would ensure payday lenders and auto title lenders cannot make unsolicited calls to numbers listed on the Texas No Call list. Currently, there is nothing in Texas law prohibiting predatory lenders that offer loans...
July 24, 2014

Another Abbott Predatory Lender Crony Fined $10M

Earlier this month, the U.S. Consumer Financial Protection Bureau fined Texas-based ACE Cash Express—one of the largest payday lenders in the country—$10 million for employing predatory tactics “ aimed at pressuring payday borrowers into debt traps. ” ACE...
May 14, 2014

Abbott Protects His Payday Lenders’ Payday

Payday lenders have been running rampant across Texas— exploiting vulnerable families and charging obscene interest rates on small loans that then trap people in a devastating cycle of debt. Even worse, these predatory lenders also prey on Texas’...
January 6, 2014

Abbott Defends Predatory Lenders, Not School Kids

In January 2006, Attorney General Greg Abbott issued a legal opinion detailing how payday lenders could get around state law restricting predatory lending practices in Texas. The alternative his office created helped an industry that has since donated $...