Texas payday loan providers face tougher requirements with brand new federal guidelines Pay day loans have already been criticized as a financial obligation trap for center and low-income Texans. With brand new rules through the Consumer Financial Protection Bureau, borrowers could be equipped with brand new defenses. Gordon Martinez looked to a storefront payday loan provider significantly more than a decade ago and took down that loan of $1,200. The previous instructor had simply relocated to Dallas to start out a vocation in product sales and ended up being struggling in order to make their lease. However with high charges, their financial obligation ballooned to about $3,500 in just a matter of months. „I experienced no possibility to pay off,” […]