Leslie Pettijohn, your head associated with the state Office of this Credit customer Commissioner, warned Carona’s committee in October that tries to circumvent the brand new legislation “threaten your whole integrity of y our bodies of great interest prices and usury rules.”
Rondella Hawkins, whom oversees enforcement of Austin’s payday and title loan ordinances, stated that the city’s “hands are tied up” because the ordinances are written to encompass “credit access organizations” (i.e. Continue reading “That’s since the organizations have discovered a means round the state’s anti-usury laws and regulations, and keep billing rates that are exorbitant”