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Sounding out our latest Wendy Davis fact check

Texas
By W. Gardner Selby
January 15, 2014

Wendy Davis said payday lenders profit by charging 1,000-plus percent interest.

Half True, we concluded, finding average effective interest rates to be lower.

Nathan Bernier of Austin’s KUT, 90.5 FM, quizzed us about our work.

Listen by clicking the play button to the right.

Our Sources

Truth-O-Meter article, "Certain payday loans had effective interest rates of more than 1,000 percent for part of 2012," PolitiFact Texas, Jan. 8, 2014

Browse the Truth-O-Meter

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