December 5, 2014. He jokes about going through airport security with the then 800-year-old document, which is now on loan to the National Archives. November 27, 2014. He continues to search for a loan to renovate his beloved Hotel Pourquoi Pas. November 23, 2014. With a 20,000 loan from a friend, matched from her own funds and credit, Roberts got a full line up and running in early 2013.
October 24, 2014. Historical Examples.
17 letter sent to the Consumer Financial Protection Bureau, the Texas attorney general's office and several other government entities. It wasn't supposed to be this way. Using criminal courts as debt collection agencies is against federal law, the Texas constitution and can you add a personal loan onto a mortgage states penal code. To clarify the state law, in 2012 the Texas legislature passed legislation that explicitly describes the circumstances under which lenders are prohibited from pursuing criminal charges against borrowers.
Its quite simple: In Texas, failure to repay a loan is a civil, not a criminal, matter. Payday lenders cannot pursue criminal charges against borrowers unless fraud or another crime is clearly established.
In 2013, a devastating Texas Observer investigation documented widespread use of criminal charges against borrowers before the clarification to state law was passed. Jones, a 71-year-old who asked that her first name not be published in order to protect her privacy, was one of those 1,576 cases.
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