16 Jun Texas Towns and cities Huddle with the An effective way to Overcome Payday Lenders

During the Tx Municipal League's yearly seminar when you look at the Austin into Thursday, there can be surprise piece of wargaming. Area authorities off over the county achieved to encourage each other to take and pass guidelines toward pay-day and you may car-label financing, a keen unregulated business of many consider usurious, if not predatory, in order to talk about an easy way to prevent the newest industry's litigation.

Nowadays, about ten Tx municipalities - regarding Dallas, Austin, San Antonio and you may Este Paso, in order to reduced urban centers such Denton, Balcones Levels, Somerset and you will Rose Mound - possess passed restrictive ordinances toward quick-label financing people.