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Houston May Become Fifth Significant Texas City to Crack Down on Pay Day Loans

Houston May Become Fifth Significant Texas City to Crack Down on Pay Day Loans

In a rebuke into the do-nothing Texas Legislature, Houston took one step toward becoming the 5th major Texas town to pass payday and loan that is auto-title. Houston Mayor Annise Parker outlined her proposition cash store loans customer login week that is last announced that she’dn’t dilute the proposed ordinance centered on industry needs.

“ we experienced at first favored a Houston-specific measure, but decided that joining along with other Texas towns and cities in a united front about this problem is the better method to deliver a solid message to your 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 a lot more than $1 billion running a business within the Houston metro area in 2012 alone. Based on the Houston Chronicle: