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Volume 12, Issue 2, 2012   Federal Reserve Bank of Dallas

At a Crossroads: Finding a Path to Affordable Small-Dollar Lending in Texas

Why Texas’ Small-Dollar Lending Market Matters
This e-Perspectives article, written by Ann Baddour of Texas Appleseed, describes the reasons behind the emergence of the payday lending industry in Texas and how banks and other for-profit and nonprofit organizations are working to create lower-cost options that address the growing frustration among those who advocate against the payday and auto title industry's lending practices. Read more »

Weighing the Costs of Payday Lending Restrictions
The Dallas Fed talks with Kelly D. Edmiston, a senior economist at the Federal Reserve Bank of Kansas City, about his journal article titled “Could Restrictions on Payday Lending Hurt Consumers?” In the article, Edmiston examines payday lending and provides new empirical evidence on how lending restrictions in the industry affect consumers. Read more »

News & Events

  • The Mid-Cities Human Resource Association will support the national Society for Human Resource Management initiative for workplace financial education with the Workforce ASSET Partnership Conference 2012 on Aug. 8 in Arlington, Texas. The conference’s objective is to empower employers, human resource management and benefits professionals with effective strategies for successful implementation of programs to improve employee financial wellness and workplace productivity. Detailsoff-site
  • Staff from the Federal Reserve Banks of Dallas and Atlanta are partnering with the Louisiana Association of Nonprofit Organizations for a training event on Aug. 29 in Shreveport, La. The goal is to help nonprofits understand regulated financial institutions’ obligations under the Community Reinvestment Act and how their work could provide an opportunity for bank collaboration. More informationoff-site
  • “Strong Families, Strong Economies: The 2012 Heart of Texas Family Asset-Building Forum” will be held Sept. 12 in Waco. Forum topics will include payday lending alternatives, intergenerational wealth strategies and volunteer tax assistance centers (VITA). Sponsored by the Federal Reserve Bank of Dallas, RAISE Texas and Texas Rural Innovators, this summit is intended to expand family economic success and community asset-building activities throughout the Heart of Texas region. Detailsoff-site
  • “Providing the Tools for Financial Stability” is the theme of the RAISE Texas Summit scheduled for Oct. 29–30 in Houston. The annual training and summit will be held at the Houston Branch of the Federal Reserve Bank of Dallas. Detailsoff-site
  • Save the date: The Texas Veterans Business Summit and Veteran Entrepreneur of the Year Luncheon will be held Nov. 13 at the Federal Reserve Bank of Dallas. The summit will provide advice, networking and access to unique resources for veterans on starting or growing a business. Prominent figures from the entrepreneurial and investor community will participate in interactive panels. The luncheon will also recognize the Veteran Entrepreneur of the Year. Watch the Dallas Fed website for details.
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