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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 week that is last announced that she’dn’t dilute the proposed ordinance centered on industry needs.

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

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