Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Podcast Available: Predatory Lending Focus of December 15 Economic Perspectives

Posted by Hopeton on December 11, 2008

Leslie Parrish, Senior Researcher for the Center for Responsible Lending discussed trends in predatory lending on the December 15 edition of Economic Perspectives, 5:30 p.m. – 6 p.m. on KAZI 88.7 FM. Parrish recently spoke in Austin on payday lending trends at a forum sponsored by PeopleFund. The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated

Leslie Parrish

Leslie Parrish

to protecting homeownership and family wealth by working to eliminate abusive financial practices.

To listen to the interview click here.

Predatory lending is a major problem in Texas, especially payday lending. According to an article published by Don Baylor in the April 2008 edition of the Texas Business Review, The Hidden Costs of Payday Lending , Texans borrow $2.5 billion a year from payday lenders with interest and fees of $500 million to $600 million.

As a Senior Researcher, Parrish analyzes a variety of consumer finance issues, such as payday lending, car title lending, and bank overdraft fees. Previously Parrish was a Senior Policy Analyst in the New America Foundation’s Asset Building program where she worked policies related to savings, asset limits, and financial education.

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