The tales of hopeless individuals dropping to the period of taking one payday that is high-interest after another to help make 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 restrict lending that is payday, seized on opinions produced by the seat for the Texas Finance Commission into the El Paso occasions. William J. White, a Gov. Rick Perry appointee and vice president at payday lender Cash America, told the paper that the industry must not face extra laws because the people who use the loans have the effect of their hardships, perhaps maybe maybe not the firms who result in the loans. [Read more...]