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Category Archives: lendup loans payday loans online same day

Houston May Become Fifth Major Texas City to Crack Down on Payday Advances

Houston May Become Fifth Major Texas City to Crack Down on Payday Advances

In a rebuke to your do-nothing Texas Legislature, Houston took one step toward becoming the fifth 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 according to industry needs.

“ we had at first favored a Houston-specific measure, but decided that joining along with other Texas metropolitan areas in a united front side with 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 interestingly strong stand against the Texas pay day loan industry, which did a lot more than $1 billion running a business in the Houston metro area in 2012 alone. Based on the Houston Chronicle:

She brushed apart issues about welcoming a lawsuit, saying the populous town is sued daily, and would not finesse her message towards the industry.