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

By Melissa Del Bosque

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.

View Full Story at The Texas Observer

Tags: Texas, payday lending, recession

The Texas Observer

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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Market Served: Metropolitan Area
Address: 307 W. Seventh St., Austin, TX 78701
Phone: (512) 477-0746

www.texasobserver.org

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