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Bills would undo metropolitan areas’ efforts to rein in payday loan providers, advocates warn

Bills would undo metropolitan areas’ efforts to rein in payday loan providers, advocates warn

Lots of Texas urban centers have actually passed ordinances payday that is regulating car name loan providers which can be stricter than ongoing state and federal guidelines. Some state lawmakers are hoping to expel them.

by Jackie Wang 27, 2017 12 AM april

The storefront of a lender that is payday Austin on April 25, 2017. Antipoverty advocates are warning that a set of proposals when you look at the Legislature could perpetuate a period of financial obligation for scores of Texans. Continue reading