Star-Telegram: Arlington eyes restrictions on payday lenders, auto title loan businesses
June 19, 2015
ARLINGTON–An Arlington City Council committee is looking into potential regulations on payday lending and car title loan businesses, whose practices have drawn fire from some consumer advocates.
The focus is on two fronts: zoning regulations, including limits on where the businesses can locate and how much parking they must provide, and regulations of business operations, mostly loan terms, such as the amount of the loan and how many times it can be refinanced.
Councilman Robert Rivera, chairman of the Municipal Policy Committee, said in an interview that city staff will prepare recommendations for the council when meetings resume after the council’s July break. A final vote could come in September.