The Texas Baptist Christian Life Commission presented Wendy Davis, a state senator from Fort Worth, its Horizon Award for leadership in public service.
Payday lending traps many of America’s working poor in a vortex of debt, participants at the New Baptist Covenant II satellite meeting in Oklahoma City learned.
The first battle between proponents and opponents of more stringent unsecured consumer loan reform -- often nicknamed payday loans -- in Missouri will take place in the courtroom -- over finances.
The Texas Legislature sent two bills to the governor’s desk that will provide more transparency and oversight to largely unregulated payday and auto title lenders.
Payday loan outlets have grown like kudzu in recent years. Texas has more payday lender outlets—about 3,000—than it has McDonald’s and Whataburger restaurants combined.
