Texas’ OCCC just released a report on the payday and auto title industry for the first half of the year.  In today’s article in the San Antonio Star-Telegram, Don Baylor, a “senior analyst at the Center for Public Policy Priorities” said, “The thing that stands out the most for us in the commissioner’s report is the fee consumers have to pay for this kind of lending.”

Presumably, he feels that amount is “too much”.

What Mr. Baylor doesn’t say is that 1.1 million people took out loans during this period.  Apparently, those people don’t have a problem with the fee, otherwise they wouldn’t take out the loan.

It seems to me that the only person who has a problem with the price…is Don Baylor.

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