The tales of hopeless individuals dropping to the period of using one high-interest pay day loan after another to help make ends meet are making the industry profoundly unpopular in Texas, and Democrats are hoping to lay that anguish in the feet of Republican gubernatorial prospect Greg Abbott.
Abbott’s Democratic competitor Wendy Davis, that has authored legislation to restrict payday financing fees, seized on opinions made by the chair regarding the Texas Finance Commission to your El Paso days. William J. White, a Gov. Rick Perry appointee and vice president at payday lender money America, told the magazine that the industry must not face regulations that are additional the people who use the loans have the effect of their hardships, maybe maybe maybe not the firms whom result in the loans. Continue reading →