Payday loan offices in Texas to post their fees, APRs: Texans taking out payday loans after Jan. 1 will see the annual percentage rate -- as much as 481 percent -- prominently displayed in posters with 1/2 -inch type at many of the short-term lenders' offices.

"The industry puts a positive spin on what they're doing.  And if lenders actually operate as it says they operate, we'd have less of a problem. The reality on the ground is much more upsetting." 

- Jim Campen, Executive Director, AFFIL