Tag Archives: Office of the Consumer Credit Commissioner

How much do payday lenders suck?

This much. Pursuing, or even threatening, criminal charges against payday and title borrowers is strictly prohibited by Texas law, with very few exceptions. The Texas Constitution unequivocally states, “No person shall ever be imprisoned for debt.” But new research released … Continue reading

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The fox has always guarded the henhouse

News item: Rick Perry appointee says something obnoxious and privileged about the people his company fleeces for his fortune. The official who oversees Texas’ consumer watchdog says payday-loan customers — not the lenders — are responsible when the loans trap … Continue reading

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