".I don't think that even if the Texas law kicks in it will impact the bottom line. Why? The answer is simple. You don't want everyone to be your customer. You want only those customers who will stay in a good standing with you."
Uber, you don't know this business nearly as well as you think you do.
Lowering PDL fee's is a bad thing, EZPW/FCFS *really* depend on the texas 20/100 CSO to earn profits in excess of CSH/AEA.
Pretty much everywhere else in the US is 15/100 or lower. This is probably one reason that FCFS bought the car dealerships is to diversify away from the Texas CSO. FCFS is basicly a Barbell with Mexican Pawn on one side, and Texas CSO on the other.
Garp-You are right about the margins on payday loans. That is why we stick with pawns only. If I give you $100 in real money and you don't pay, I am screwed. If I give you $100 on a $400 shotgun and you don't redeem it, you are screwed. Why anyone would do payday loans is lost on me.