Austin American-Statesman: Municipal League gives road map to restrict payday lending (Paywall)

July 29, 2013

One of the biggest critics of so-called payday lending is creating a how-to manual for restricting the business.

The Texas Municipal League, a lobbying organization, announced Monday it is setting up a “clearinghouse” website for Texas cities that includes sample ordinances, such as ones enacted in Austin in 2011, that impose “limits on interest rates and (outlaw) some of the abusive practices of this industry.” Read more here.