Examiner: Houston joins cities regulating payday, auto title lenders
December 27, 2013
The city of Houston has joined a growing list of Texas cities, large and small, to approve new regulations on payday and auto title lenders.
The new regulations will take effect July 1 of next year and require these so-called credit access businesses, or CABs, to register with the city. The new rules will limit how much a person can borrow and how many times a loan can be renewed.
Read more here.