In a rebuke towards the do-nothing Texas Legislature, Houston took one step toward becoming the 5th major Texas town to pass payday and loan that is auto-title. Houston Mayor Annise Parker outlined her proposition final week and announced that she’dn’t dilute the proposed ordinance predicated on industry needs.
“ I had at first favored a Houston-specific measure, but decided that joining along with other Texas metropolitan areas in a united front side with this problem is the greatest option to deliver a very good message towards the Texas Legislature,” she said.
In a town very often rolls over for big company, Parker took a interestingly strong stand against the Texas cash advance industry, which did a lot more than $1 billion operating when you look at the Houston metro area in 2012 alone. In line with the Houston Chronicle:
