You will need to Make Payday Lending an Election Problem

You will need to Make Payday Lending an Election Problem

The tales of hopeless individuals dropping to the cycle of using one payday that is high-interest after another to create ends meet are making the industry profoundly unpopular in Texas, and Democrats are hoping to lay that anguish during the legs of Republican gubernatorial prospect Greg Abbott.

Abbott’s Democratic competitor Wendy Davis, who may have authored legislation to limit lending that is payday, seized on responses produced by the seat for 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 newsprint that the industry must not face extra regulations because the people who just take the loans have the effect of their hardships, perhaps maybe not the businesses whom result in the loans. […]