Wednesday

Two state lawmakers like to make public the backers offering the administrative centre for businesses within the loan industry that is payday.

Citing a necessity for greater transparency, Rep. Eddie Rodriguez, D-Austin, and state Sen. Wendy Davis, D-Fort Worth, filed companion measures — House Bill 3033 and Senate Bill 1715 — to force pay day loan operators and name loan providers to reveal their monetary backers so that you can offer extra information — and for that reason, better protection — to Texans who sign up for short-term, high interest loans. Continue reading “Texas House users target payday loan industry”