Houston payday loan ordinance

The new Houston payday loan ordinance limits the amount of payday loans to not more than 20 percent of the monthly gross income of a borrower.

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Looks like a payday lending ordinance was delayed for a week at Houston City Council by Andrew Burks and Jerry Davis today after they tagged it, as reported by Laurie.

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XV to ch. 28 of the Code of Ordinances relating to regulation of credit access business (Houston payday loan ordinance, adopted December 18, 2013). (Link Type: Local).City Of Houston Payday Loan Ordinance Houston councilmembers want public input on a proposed ordinance to regulate the payday lending industry.

... payday lenders would add teeth to new local laws - Houston Chronicle

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Sources say the Houston ordinance will lose votes on Council if it affects private employers.A strong ordinance regulating payday and auto title lenders is.

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