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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 towards the do-nothing Texas Legislature, Houston took a 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.

“I had at first favored a Houston-specific measure, but decided that joining with other Texas towns in a united front side on this problem is the greatest method to deliver a powerful message towards the Texas Legislature,” she said.

In a town very usually rolls over for big company, Parker took a interestingly strong stand against the Texas cash advance industry, which did a lot more than $1 billion in operation in the Houston metro area in 2012 alone.