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Tag Archives: Payday Loans

New Regulations Concerning Payday Loans

Published on June 1, 2009 by Kathleen Munden

As of early April 2009, the Texas Legislature and the U.S. Congress are both considering legislation to regulate payday lenders. Last week, state senators announced pending bills that would establish oversight of the largely unregulated payday loan industry. The proposals include licensing requirements, a 36% limit on interest rates charged on payday loans, a limit [...]