Denton Record-Chronicle: Council adopts rules for short-term lenders

March 20, 2013

The Denton City Council adopted new rules this week that restrict the city’s short-term lenders in ways similar to ordinances passed recently in Austin, El Paso, Dallas and San Antonio.  While the ordinance – which carries with it criminal penalties for violations – goes into effect April 9, it’s unclear how long the city’s rules will stand. A pair of bills working through the Texas Legislature would pre-empt cities from regulating payday, title and other short-term lenders.  Read more here.