Payday advances are governed by the Texas Finance Code, which relates to online and storefront financial institutions

Payday advances are governed by the Texas Finance Code, which relates to online and storefront financial institutions

Business and Market analysis for payday advances in Texas

Based on supply through the State of Lending in the usa & its Impact on U.S. Households for “Payday financing abuses and Predatory techniques” (September 2013), statistics indicates that Texas is within the number of states without significant legislation of payday lending. The typical pay day loan applied for in Texas is actually for $522, and Texans spend about $683 million yearly in costs alone. Continue reading