Texas Supreme Court’s Decision on Payday Lending Conflicts with Positive Ruling by U.S. 5th Circuit Court of Appeals

Texas Supreme Court’s Decision on Payday Lending Conflicts with Positive Ruling by U.S. 5th Circuit Court of Appeals

Ms. Jones, a 71 year-old widow and great grandmother whom dropped on difficult economic times, took down an online payday loan in a hopeless minute. She asked the business enterprise to do business with her: “What we thought ended up being likely to happen was they could have some kind of sympathy for the senior who had been residing on a set earnings of Social protection and they will allow me to earn some type of payment per month. Whenever she could maybe not repay the loan, ” rather, the company filed a wrongful unlawful check that is bad against her in Justice Court. She failed to get notice associated with trial date and, whenever she stumbled on Texas Appleseed requesting assistance, there clearly was a warrant out on her behalf arrest and a judgment needing her to pay for $919 to prevent likely to jail over her defaulted $225 cash advance.

On, Feb. 23, 2018, the Texas Supreme Court, in Henry v. […]