Payday Loans




Predatory lending has grown exponentially in the united states under the name of payday loans or title loans. States such as Ohio and Arizona have tried to ban payday lenders, unfortunately these predatory lenders were able to find loopholes through changing their name or how to finance loans.


PEW TRUSTS – Payday Lending in America – Policy Solutions

  • Limit payments to 5% of a borrower’s periodic income
  • Spread costs evenly over the life of the loan
  • Guard against harmful repayment or collection practices
  • Require concise disclosures that reflect both periodic and total costs
  • Continue to set maximum allowable charges on loans for those with poor credit
  • Remove pay day lenders from being utility pay stations


Texas Constitution
Code – Finance Code
Chapter – 342 Consumer Loans
342.251 Cash Advance
342.251 Alternate Charges
342.253 Maximum Interest Charge for a Loan with Single Repayment
342.301 Maximum Interest Charge
342.602 Disclosures to Military Borrowers


NCSL – Payday Lending State Statutes

City of Houston – Pay Day Loans

Houston Chronicle – City awaits complaints as payday loan rules go into effect

Houston Chronicle – City lists rules for payday lenders but wants lawmakers to act

Texas Observer – Houston City Council Overwhelmingly Passes Payday Loan Ordinance

Houston joins cities regulating payday, title loans

Here come those CFPB payday lending regulations

National Conference of State Legislatures – Payday Lending State Statutes

Pew – State Payday Loan Regulation and Usage Rates

Pew – From Payday to Small Installment Loans

Arizona Daily Sun – Lawmaker: Car title loans worse than payday lenders

CNN – Why car title loans are a bad idea

Salon – Soldiers are casualties of corrupt creditors

National League of Cities – Dallas Payday Loan Ordinance

Texas Tribune – Texas Cities Take Action to Regulate Payday Lenders

Texas Secretary of State – Frequently Asked Questions for Credit Services Organizations

San Antonio’s Payday lending ordinance still short on change

DEMOS – Pew’s Appalling Thumbs Up for Payday Loans With 129% Annual Interest

CFPB Finds Four Out Of Five Payday Loans Are Rolled Over Or Renewed

CFPB – What are my rights under the Military Lending Act?

CFPB Finds Half of Online Payday Borrowers Rack Up an Average of $185 in Bank Penalties

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt

Star Telegram – Arlington council OKs land-use restrictions on payday lenders

Longview city council eyes restrictions on payday lending

Waco City Council approves payday lending ordinance

Loophole for payday loans upheld by Ohio Supreme Court

New York States – Rise in Loans Linked to Cars Is Hurting Poor

St Louis American – The Missouri Public Service Commission kicks payday lenders off utility pay stations

Wall Street Journal – Alternative Way to Pay Utility Bills Draws Fire

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