San Marcos Mercury | Local News from San Marcos and Hays County, Texas

payday loans

Wednesday, January 15th, 2014

Fight over payday loans, from capitol to campaign trail

In Texas, where payday and auto-title lending is a $4-billion-a-year industry with some 3,500 businesses, there are no limits on fees or loan sizes. Texans take out larger loans and pay higher fees than consumers in the nation as a whole.

Tuesday, April 23rd, 2013

Updated: Amended payday lending bill passes Senate

The Texas Senate approved a bill to regulate short-term lenders on Monday night, a milestone some thought the chamber wouldn't reach after a personal and divisive floor fight on Thursday.

Thursday, January 5th, 2012

Texas payday lenders face new rules, scrutiny

New laws aimed at curbing predatory lending take effect this week, meaning payday and auto title loan businesses will have to be licensed by the state and post a schedule of fees in a visible place, similar...

Wednesday, February 23rd, 2011

Legislators target payday lending

Proposed legislation by Sens. Wendy Davis and Royce West would close a loophole in the state finance code, placing a cap on otherwise exorbitant interest rate charges.