At the very least six men and women have been jailed in Texas within the last couple of years for owing cash on payday advances, relating to a damning new analysis of general public court public records.
The financial advocacy team Texas Appleseed discovered that significantly more than 1,500 debtors have already been struck with unlawful fees into the state — and even though Texas enacted a legislation in 2012 clearly prohibiting lenders from making use of unlawful fees to gather debts.
Based on Appleseed’s review, 1,576 complaints that are criminal granted against debtors in eight Texas counties between 2012 and 2014. These complaints had been frequently filed by courts with just minimal review and based entirely in the payday lender’s term and evidence that is frequently flimsy. […]