Fort Worth remains the last major texas city without regulation or zoning for payday lending storefronts, often called credit access businesses, like the one in Bedford where Anthony borrowed $490.
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One by one, Texas cities are adopting tougher restrictions. two of the nation’s major payday lenders, are based in Fort Worth and Irving, respectively. Proponents of payday loans point out that the.
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But that hasn't stopped some payday lenders in recent years from illegally. Just threatening criminal charges is against the law, but Texas.
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This comes after the same agency hit fort worth-based cash America, another mega-lender, with a $19 million settlement late last year over its practices. Add those penalties to the growing effort by.
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Every day in the Fort Worth-Arlington metro area, many of our neighbors are doing just that and paying up to 484 percent in interest and fees on small, short-term “payday” and auto-title loans. These.