Credit Union Times: “San Antonio Council Ordinance Caps Payday Loans”
September 26, 2012
Excerpt: The San Antonio City Council has adopted an ordinance that limits payday loans to 20% of a consumer’s gross monthly income.
The ordinance also limits auto title loans to 3% of the consumer’s gross annual income, or 70% of the vehicle’s value, according to the Texas Credit Union League. Read more here >>