Tag Archives: payday loans


Texas Cities Huddle on Ways to Beat Payday Lenders

At the Texas Municipal League’s annual convention in Austin on Thursday, city officials from across the state gathered to encourage each other to pass regulations on payday and auto-title lending, an unregulated sector many consider usurious, if not predatory, and to discuss ways to defend against the industry’s lawsuits.

Payday Loan Reform Faces Uphill Battle in House

Late into the night, the payday loan industry strutted its stuff before a very friendly House committee. The hearing came just a week after the Senate passed a surprisingly tough bill that the industry insists would shut down most of Texas’ 3,400 payday and auto-title storefronts. Even though the legislation aired last night is a faint shadow the Senate bill, it got a rough treatment from six of the seven committee members.

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