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car title loans

(This is a guest blog post by Leah Gonzalez, a master’s degree student in social work at the University of Texas in Austin and a graduate of Howard Payne University.)

Several states have banned payday and auto title lending. At the end of July 2010 Arizona joined these ranks – kind of. It’s true; in 2010 Arizona enforced “Operation Sunset,” which made it illegal to provide a payday loan. Part of this operation includes a limit of 36 percent interest on other consumer loans. Research from the Arizona Attorney General concluded that these protective measures would benefit Arizona consumers by outlawing these risky lending practices.  Full Story »

payday loans

(This is a guest blog post by Leah Gonzalez, a master’s degree student in social work at the University of Texas in Austin.)

Since the Texas legislature meets every other year a lot of work needs to be done during the interim. Payday and auto title lending policy is no different. Several cities throughout Texas have passed ordinances that take further measures to protect their residents from becoming entrapped in the payday and auto title lending cycle. Full Story »