Interest and fees trap low-income families in a cycle of debt | 850 vehicles a week repossessed by auto-title lenders | Legislature must act
BY CHRIS TURNER
Special to the Star-Telegram
Can you imagine taking out a $500 loan and it costing more than $1,100 to pay it back?
Every day in the Fort Worth-Arlington metro area, many of our neighbors are doing just that and paying up to 484 percent in interest and fees on small, short-term “payday” and auto-title loans.
These absurd interest rates are completely legal in Texas, due to the inaction of the Legislature, which refuses to pass meaningful reforms to rein in what is largely an unregulated industry.
As a result, payday and auto-title lenders are allowed to charge unlimited interest and fees, effectively trapping low-income families in a cycle of debt.
“Our debt to the heroic men and valiant women in the service of our country can never be repaid. They have earned our undying gratitude.”
– President Harry S. Truman
Today we honor the men and women whose bravery and commitment to defend our freedom has made our nation great. In the words of President Truman, the service of these incredible men and women can never be repaid and they have indeed earned our undying gratitude. Today and every day, we should celebrate our nation’s heroes.
As we pause today to thank our veterans, we must not forget their families and the countless sacrifices they have made.
Please join me in paying tribute to those who have served our nation and fought to protect our freedom. They have truly earned our lasting respect and gratitude.
AUSTIN — Earlier today, Texas House Speaker Joe Straus named Representative Chris Turner (HD 101-Grand Prairie) to the House Select Committee on Mental Health. The committee is charged with examining the current status of mental health care in Texas, as well as identifying what areas need to be addressed.
In response to his appointment, Turner released the following statement:
“Mental health care is a critical issue that impacts every person in our state. I am honored to serve on this important committee and grateful that Speaker Straus has made this issue a top priority.
“Over the next year, I look forward to learning more about what programs and initiatives have worked in addressing our state’s mental health needs, as well as exploring gaps which exist.
“With the second largest population of veterans in the nation, we must delve deeply into how veterans’ mental health is being addressed and what more can be done to prevent military and veteran suicide and homelessness.”
Two weeks ago at the Arlington Republican Club, a Tea Party Republican announced that he will run against me in 2016. This will be the first time I have faced a Republican opponent in District 101, and I need your help.
I’m not surprised that they’re going after me. After all, I have taken on the Tea Party and their dangerous ideas for our state over and over again. While they seek to grow their power by dividing Texans, I have worked to make Texas a state where every family can succeed.