Houston Could Become Fifth Significant Texas City to Crack Down on Payday Advances

Houston Could Become Fifth Significant Texas City to Crack Down on Payday Advances

In a rebuke to your do-nothing Texas Legislature, Houston took one step toward becoming the 5th major Texas town to pass payday and auto-title loan limitations. Houston Mayor Annise Parker outlined her proposition final week and announced that she’dn’t dilute the proposed ordinance predicated on industry needs.

“ we had at first favored a Houston-specific measure, but decided that joining along with other Texas urban centers in a united front side on this problem is the better option to deliver a solid message towards the Texas Legislature,” she said.

In a town very often rolls over for big company, Parker took a stand that is surprisingly strong the Texas pay day loan industry, which did significantly more than $1 billion in operation into the Houston metro area in 2012 alone. Continua la lectura de Houston Could Become Fifth Significant Texas City to Crack Down on Payday Advances