Andrews' Bank & Lender Liability Litigation Reporter
June 2, 1999
Copyright (c) 1999 Andrews Publications
TEXAS CRACKS DOWN ON PAYDAY LENDERS
The Texas State Attorney General has filed suit against three so-called “payday” lenders, businesses that charge exorbitant interest rates in exchange for small, short-term loans. The lenders' activities amount to usury, the suits charge.