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

predatory lender

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 to the overhead menus seen in fast food restaurants.