Once again, the legislature seeks to expand high cost loans
Two additional bills in the Legislature would double the fees allowed under Texas law for a $ 2,000 loan, from an already high annual percentage rate of 35% to over 79%. These bills are of particular concern as many families are struggling to make ends meet due to the COVID-19 pandemic and additional hardship from winter storm Uri.
Our Catholic parishes, schools, hospitals and charities in San Antonio and Texas have stepped up our work during this time of special need, providing millions of dollars in charitable assistance to feed individuals and families, house them and receive care. and the support they need. .