Dallas Morning News Editorial: Ending Payday Lenders’ Game of Cat and Mouse
March 15, 2015
Payday lenders survive by playing a game of cat and mouse.
That elusive game could soon end. State Rep. James White, R-Woodville, filed a bill last week to expand to the entire state the kind of tough city payday ordinances Dallas passed in 2011. Former House Speaker Tom Craddick, R-Midland, meanwhile, has filed a bill to establish a loan database so regulators can make sure lenders aren’t refinancing loans more times than the law allows.
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