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Senate Committee Targets Payday Lending. If a couple of bills filed by Sens.

Senate Committee Targets Payday Lending. If a couple of bills filed by Sens.

Wendy Davis, D-Fort Worth, and Royce western, D-Dallas, passes this session, customers whom sign up for short-term, high-interest loans could possibly https://paydayloanstexas.net/ be protected from exorbitant interest fees.

A $500 payday loan meant she could help her mother, suffering from rheumatoid arthritis, pay her high insurance deductible for Cynthia Reynosa. Nevertheless the interest she paid within the next 6 months totaled $1,200 — a lot more than twice exactly exactly what she’d lent.

Today”I was thinking I would find the money wherever I would have to find it, so she wouldn’t have to suffer anymore,” Reynosa testified during a Senate committee hearing.

If a couple of bills filed by Sens. Continue reading Senate Committee Targets Payday Lending. If a couple of bills filed by Sens.