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Commentary: Once again, Legislature looks to expand high-cost lending

Commentary: Once again, Legislature looks to expand high-cost lending
Gustavo García-Siller, For the Express-News
May 3, 2021
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Bills moving through the Legislature would allow double charges for a $2,000 loan, from 35 percent annual percentage rate to more than 79 percent. This isn’t the help that low-income families need after the pandemic.Sid Hastings / Associated Press
Two companion bills moving in the Legislature would double charges allowed under Texas law for a $2,000 loan, from an already high 35 percent annual percentage rate to more than 79 percent. These bills are particularly concerning because so many families are struggling to make ends meet due to the COVID-19 pandemic and the added hardship of Winter Storm Uri. ....

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