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Posted On October 12, 2020 In Investigation With 27 Views

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

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

The other day, for a vote that is 5-3 control the predatory lending company, Fort Worth became the most recent major town when you look at the state to look at this type of measure. It joins almost 70 other Texas metropolitan areas which have enacted some form of legislation for short-term loans in the past ten years.

This would deliver a message that is clear lawmakers that statewide legislation with this problem is necessary. All things considered, Republicans usually complain about patchwork laws, but those laws usually arise because of state inaction on key problems. The lifting that is heavy this will not sleep entirely in the arms of specific municipalities. Residents throughout the state, in towns and urban centers tiny and enormous, deserve equal protections. (more…)

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