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Will Payday Loan Providers Sink Or Swim?

Will Payday Loan Providers Sink Or Swim?

Texas houses one or more in five American “stores” that make pricey loans to your working bad.

Legislators may fortify the state’s standing—or kill the majority of it well. The next few years could be make-or-break for Texas’ $5.8 billion payday loan market with legislators convening in Washington and Austin. In Washington, the industry’s future could hinge on whether Donald Trump fulfills a pledge to gut the customer Financial safeguards Bureau. In June, that federal agency proposed guidelines needing companies like payday lenders to find out if borrowers can repay loans.

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