Texas Observer: Houston Could Become Fifth Major Texas City to Crack Down on Payday Loans
November 25, 2013
In a rebuke to the do-nothing Texas Legislature, Houston took a step toward becoming the fifth major Texas city to pass payday and auto-title loan restrictions. Houston Mayor Annise Parker outlined her proposal last week and announced that she wouldn’t dilute the proposed ordinance based on industry demands.
“I had initially favored a Houston-specific measure, but decided that joining with other Texas cities in a united front on this issue is the best way to send a strong message to the Texas Legislature,” she said. Read more here.