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Strict Standards: Declaration of truethemes_sub_nav_walker::end_lvl() should be compatible with Walker_Nav_Menu::end_lvl(&$output, $depth = 0, $args = Array) in /home/content/69/9273769/html/wp-content/themes/Sterling/framework/theme-specific/navigation.php on line 82

Strict Standards: Declaration of truethemes_sub_nav_walker::start_el() should be compatible with Walker_Nav_Menu::start_el(&$output, $item, $depth = 0, $args = Array, $id = 0) in /home/content/69/9273769/html/wp-content/themes/Sterling/framework/theme-specific/navigation.php on line 82

Strict Standards: Declaration of truethemes_sub_nav_walker::end_el() should be compatible with Walker_Nav_Menu::end_el(&$output, $item, $depth = 0, $args = Array) in /home/content/69/9273769/html/wp-content/themes/Sterling/framework/theme-specific/navigation.php on line 82

Strict Standards: Declaration of truethemes_gallery_walker::start_el() should be compatible with Walker_Category::start_el(&$output, $category, $depth = 0, $args = Array, $id = 0) in /home/content/69/9273769/html/wp-content/themes/Sterling/framework/theme-specific/navigation.php on line 157

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Federal Rules Could Tame “Wild West” of Texas Payday Lending

Federal Rules Could Tame “Wild West” of Texas Payday Lending

Leonard Abbott of San Marcos had been aware of the risks of pay day loans — the small-dollar, high-interest credit that may quickly trap borrowers in a morass of financial obligation. However when unanticipated medical bills blew a opening inside the month-to-month spending plan a year ago, he felt he’d nowhere else to make. He took out a $500 loan, hoping to repay it in complete in two days. He sought more loans, until about a third of his $1,700 monthly take-home pay was going toward paying interest and fees alone when he couldn’t. (more…)

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