Let me make it clear about Editorial: Statewide payday lending reforms required

Let me make it clear about Editorial: Statewide payday lending reforms required

The Fort Worth City Council took one step when you look at the direction that is right voting to rein in payday loan providers.

A week ago, on a 5-3 vote to control the predatory lending company, Fort Worth became the most recent major town into the state https://personalbadcreditloans.net/reviews/lending-club-personal-loans-review/ to look at this type of measure. It joins almost 70 other Texas towns and cities which have enacted some form of legislation for short-term loans in the past decade.

This will deliver a definite message to lawmakers that statewide legislation on this problem is required. All things considered, Republicans usually complain about patchwork laws, but those laws usually arise as a result of state inaction on key dilemmas. Continue reading “Let me make it clear about Editorial: Statewide payday lending reforms required”