Sadly, this is true.
The first signs of change are likely to be breakage and split ends, especially in areas where an elastic is tied.
In very severe cases, where the hair is repeatedly pulled back, you can cause what is called traction alopecia. This is where the hair won’t be able to grow from certain follicles, as they are so damaged.
So the moral of the story: loosen up.
Editor’s tip: Want to create a smooth, frizz-free hairstyle without having to pull your hair too tightly? Use the VO5 Flyaway Touch-Up Wand. This wand is great to taming flyways on the go or otherwise.