San Antonio Current: SA’s Payday Lending Ordinance Still Short on Change
September 10, 2014
This month marks two years since San Antonio passed its payday and auto-title lending ordinance. While elected officials and local advocates say the law makes loans more manageable for consumers and helps the city monitor a largely unregulated lending industry, they point out that the state’s failure to cap sky-high interest rates and fees means payments are still unaffordable for many financially strapped borrowers. Read more here.