Texas payday loan providers face tougher requirements with brand brand new rules that are federal

Pay day loans have already been criticized being a financial obligation trap for middle and low-income Texans. With brand brand new guidelines through the customer Financial Protection Bureau, borrowers could be armed with brand brand new protections.

Gordon Martinez looked to a storefront payday loan provider a lot more than a decade ago and took down financing of $1,200. The teacher that is former just relocated to Dallas to start out a profession in product sales and had been struggling to help make their lease. Read more