"Consumer Financial Protection Bureau (CFPB) has engaged in an indepth review of short-term small dollar loans, specifically payday loans extended by nondepository institutions and deposit advance products offered by a small, but growing, number of depository institutions to their deposit account customers."
This report—the second in Pew’s Payday Lending in America series—answers questions about why borrowers choose payday loans, how they ultimately repay the loans, and how they feel about their experiences.
The National Conference of State Legislature's webpage that "summarizes state statutes regarding payday lending or deferred presentment, which features single-payment, short-term loans based on personal checks held for future deposit or on electronic access to personal checking accounts."
Written by the Texas Appleseed Project whose mission is "to promote social and economic justice for all Texans by leveraging the skills and resources of volunteer lawyers and other professionals to identify practical solutions to difficult systemic problems."
Pew's Safe Small-Dollar Loans Research Project focuses on small-dollar credit products such as payday and automobile title loans, as well as emerging alternatives. The project works to find safe and transparent solutions to meet consumers’ immediate financial needs.
About This Guide
This guide is designed to help you find information about payday and other short-term loans.
Texas Laws and Regulations
Below you will find references to the Texas laws that goven payday loans. If you find these statutes difficult to understand, you may want to look at the "plain English" resources on this page or speak to an attorney..
The Center for Public Policy Priorities (CPPP), a Texas-based independent research organization, monitors payday loan developments as part of their Better Texas Family Budgets (www.familybudgets.org) initiative.
Legal Research Guides from the Texas State Law Library
The information provided on this page has been prepared for general information purposes only and should not be construed as, nor substituted for, legal advice. It is strongly recommended that you contact an attorney for advice specific to your fact situation. Your local bar association or the State Bar of Texas Lawyer Referral Information Service (1-800-252-9690) can assist you with locating an attorney.
Some of the electronic resources we refer to in this guide may be in PDF format. Adobe Reader or similar software is required to view PDFs.
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From their Web site: The Center For Consumer Law helps consumers settle disputes by informing them of their legal rights and assisting with the resolution of disputes through mediation and, when necessary, litigation.