Home >> Research >> Economic Opportunity>> Asset Building

More Information

Related Topics

• Testimony: Senate Committee on Business and Commerce
• Testimony: Pensions, Investments, and Financial Services
• Savings Soars: OpportunityTexas’ Tax-Time Savings Project Triples Impact from Last Year

Also by Celia Cole

• Cuts to SNAP Will Hurt Texas Families Struggling to Afford Food
• Access to Healthy and Affordable Food is Critical to Good Nutrition
• We Must Maintain Our Investment in SNAP: An Efficient, Effective Way to Prevent Hunger and Reduce Food Insecurity

Payday Lending Bill Offers No Protection to Cash-Strapped El Pasoans

  

Author:
Celia Cole /(512) 320-0222 x110

April 28, 2005

Read Full Article >>  

The Texas House of Representatives is on the verge of rolling back consumer protection laws designed to prevent unscrupulous lenders from preying on cash-strapped Texans. Lawmakers are getting ready to vote on legislation by Representative Dan Flynn to legalize interest rates as high as 780 percent on so-called "payday" loans. Low-income El Pasoans rely on these high-interest loans when they have trouble paying their bills between paychecks.