Sounding out our latest Wendy Davis fact check
By W. Gardner Selby
Published on Wednesday, January 15th, 2014 at 12:13 p.m.
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.
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
Researchers: W. Gardner Selby
Names in this article: Wendy Davis
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