Texas payday loan providers face tougher criteria with brand brand new rules that are federal

Payday advances have now been criticized as being a financial obligation trap for center and low-income Texans. With brand new guidelines through the customer Financial Protection Bureau, borrowers might be equipped with brand brand new protections. Gordon Martinez looked to a storefront payday loan provider significantly more than ten years ago and took down a loan of $1,200. The teacher that is former simply relocated to Dallas to begin a job in product product sales…