yourhoustonnews.com: Fort Bend cities tackle issue of where to allow pay day loan businesses

December 19, 2013

As Houston City Council’s vote to restrict the city’s largely unregulated payday/title loan industry makes headlines, smaller cities around the state are also addressing their role in regards to the controversial businesses – one with short-term interest rates and fees that often exceed a 500 percent annual percentage rate, according to the Texas Municipal League. Read more here.