Significant Payday Lender Condemns the bucks Store, Demands Investigation
Directly after we published my story on how a significant Texas-based cash advance string, the money Store, has discovered a means around new state and local rules, a agent from Advance America emailed to condemn the practice. Advance America is among the payday lenders that are largest into the country and it is owned by Mexican billionaire Ricardo Salinas Pliego. Deborah Reyes, Texas state manager for Advance America, published that the Cash shop seemed to be utilizing “deceptive company techniques” but represented an “anomaly” within the industry that needs to be “quickly and thoroughly investigated.”