Payday financing business representatives break the guidelines against Longview City Council idea

Payday financing business representatives break the guidelines against Longview City Council idea

An auto-title-loan store in Arlington.

Fort Worth Star-Telegram

An ordinance built to restrict neighbor hood funding company dominated discussion during Thursday’s City Council conference, with representatives of those businesses protecting whatever they supply as necessary to the bad that is working the area.

Modeled for a variation distributed by the Texas Municipal League, the ordinance being crafted by city appropriate staff sets limits on “credit access organizations.” The ordinance specially addresses loan terms, for example the amount of the home loan and precisely how times that are several might be refinanced. Continue reading “Payday financing business representatives break the guidelines against Longview City Council idea”