Even though Texas ostensibly outlawed the practice, Texas Appleseed has alleged “an ongoing trend of unlawful use of criminal charges by payday loan businesses to collect debts” in a complaint to Texas’ Consumer Finance Protection Bureau. Lots of juicy detail there so rather than excerpt it, I’ll just say those interested should read it themselves. Bottom line: Most counties seem to have stopped, some have clearly not (whether due to confusion, miscommunication or avarice - in general, prosecutors’ hot check funds are dwindling), and there’s insufficient data to track the issue in close detail.
See also coverage from Texas Public Radio, Huffington Post, the SA Current, and of course The Texas Observer, whose earlier reporting launched the most recent push toward payday lending reform. Also, I was happy to see the complaint referencing a report on the topic my wife helped prepare for Consumers Union 15 yeas ago. She poured a lot of herself into this issue back in the day, so she’ll be glad to learn folks are still finding CU’s work product useful.
from DUI Lawyers Blog Watch http://gritsforbreakfast.blogspot.com/2014/12/payday-lenders-still-getting-some-texas.html
from Tumblr http://hobbsr04.tumblr.com/post/106631358172
via Blogger http://hobbsr04.blogspot.com/2014/12/payday-lenders-still-getting-some-texas.html
from Tumblr http://hobbsr04.tumblr.com/post/106632594567
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