Editorial: Statewide payday reforms that are lending

Editorial: Statewide payday reforms that are lending

The Fort Worth City Council took one step when you look at 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 titleloansmaryland.net/ state to look at this kind of measure. It joins almost 70 other Texas urban centers which have enacted some sort of legislation for short-term loans in the past ten years.

This would send a clear message to lawmakers that statewide legislation with this problem will become necessary. Continue reading