16 Dec

Editorial: Statewide payday reforms that are lending

The Fort Worth City Council took one step within the right way in voting to rein in payday loan providers.

A week ago, for a vote that guaranteed installment loans near me is 5-3 control the predatory lending business, Fort Worth became the newest major town into the state to look at this type of measure. It joins almost 70 other Texas urban centers which have enacted some form of legislation for short-term loans in the past decade.

This would deliver a message that is clear lawmakers that statewide legislation about this issue is required. All things considered, Republicans frequently complain about patchwork laws, but those laws frequently arise as a result of state inaction on key dilemmas. The heavy-lifting on this would not sleep entirely in the shoulders of specific municipalities. Residents over the continuing state, in towns and towns tiny and enormous, deserve equal defenses. Read More