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

In a rebuke to your 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 last week and announced that she’dn’t dilute the proposed ordinance predicated on industry needs.

“ we experienced at first favored a Houston-specific measure, but decided that joining along with other Texas metropolitan areas in a united front side about this problem is the better method to deliver a powerful message to your Texas Legislature,” she said. (more…)

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