Reforming payday-lending practices -- Texas Impact Education Fund

The Foundation's Roadmaps to Health Community grants initiative was designed to identify, support, and disseminate models of cross-sector coalitions working to improve health by taking action to address the social and economic determinants of health, such as education, employment, income, community safety, and family and social support.The Texas Interfaith Center for Public Policy, as part of the Texas Faith for Fair Lending coalition, seeks to reform predatory payday and auto title lending practices in Texas and create alternatives to those short-term, small-dollar loans that negatively impact Texas families' health and well being. They will pursue four reforms that include: legislation limiting the number of times a loan can "roll over," developing alternative loan programs, supporting funding for financial literacy education, and encouraging local ordinances that limit the proliferation of payday and auto title lenders. To lay the groundwork for achieving policy reforms, they will educate and inform community members and decision-makers through nonpartisan research and analysis and non-lobbying outreach, collaboratively work with the regulatory bodies overseeing this sector through non-lobbying technical assistance, promote the issue and solutions with the media, and promote the results of a survey that examines the experience of borrowers. No RWJF dollars will be used for lobbying. The grantee has set aside sufficient unrestricted funds to engage in any lobbying activities. Deliverables include nonpartisan research and analysis issue briefs and other educational materials on policies related to payday and auto title loans, documentation of national models for state-sponsored financial literacy education, the development and administration of a survey on Texas borrowers, and nonpartisan research and analysis of state data on payday loans and review of data on alternative lending models for Texas.

Grant Details

Amount Awarded $199,622.00

Awarded on: 11/5/2012

Time frame: 11/1/2012 - 10/31/2014

Grant Number: 70524


Texas Impact Education Fund

200 East 30th Street
Austin, 78705-3809


Bee Moorhead
Project Director