High-Interest Lending Is a Poorly Regulated, Billion-Dollar Business in Texas

The Texas Observer | May 13, 2009
In low-income neighborhoods across Texas, payday lenders are popping up on street corners and major thoroughfares at a rapid pace. During the economic downturn, these companies are racking up record profits.

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The Texas Observer has been Texas' "Journal of Free Voices" since 1954. Focusing on Texas news, politics and culture, the Observer is the state's only source of independent, progressive journalism. The Observer consistently publishes the stories that other outlets ignore...
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