According to Dallas officials, car title and payday loan store locations are more common in Texas than Whataburger and McDonald’s — combined. But an industry trade group says the businesses are thriving because customers need them.
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From 2000 to 2008, the number of payday lending locations grew by 90 percent in Washington state, from 377 outlets to more than 700. In 2008, $1.3 billion were made in payday loans, according to the state Department of Financial.
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Louisiana organizations that represent the elderly, the poor and others on fixed incomes want stiffer regulation of payday lending businesses that offer short-term loans with high interest. which has 113 locations in Louisiana. "It’s industry.
One in four of the loans went into delinquency or default. Payday loans disproportionately affect communities of color, according to CRL’s research, and the companies actively seek out locations in black and Latino neighborhoods —.
The Kansas Office of the State Bank Commissioner says more than 60 companies in the state provide payday and title loans at more than 300 locations. The committee didn’t make any recommendations on the proposal Wednesday.
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Payday Lending Advocacy Resources. The Cooperative Baptist Fellowship is invested in Advocacy to #StoptheDebtTrap and end usurious predatory lending practices around the country. Below you will find resources for you and your congregation that directly address the issue of small-dollar lending. Helpful Documents.
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The analysis was recently sent to council’s community and protective services committee. The city counted 59 payday loan business locations in Ottawa at the beginning of June. Provincial data reviewed by the city show there are 796.
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