Austin Municipal Court Judge Ferdinand Clervi struck straight down a part of Austin’s payday ordinance that is lending March, governing that the ordinance’s limitations on regularity and quantity of installments are preempted by state legislation.
That ruling impacted two split situations when the town charged the income shop, which does company beneath the name fast money, and ACSO of Texas, working as Advance America, with breaking exactly the same chapters of the ordinance.
If Clervi’s ruling is fundamentally upheld, it will probably imply that Austin, as well as other towns which have comparable ordinances in Texas, may not any longer have the ability to protect customers within the real method that City Council envisioned whenever it enacted the ordinance.
On Thursday, the town filed appeals both in instances, saying the judge had been mistaken as he ruled that state legislation overrules the ordinance’s restrictions.
