In a rebuke towards the do-nothing Texas Legislature, Houston took one step toward becoming the fifth major Texas town to pass payday and loan that is auto-title. Houston Mayor Annise Parker outlined her proposal week that is last announced that she wouldn’t dilute the proposed ordinance centered on industry needs.

“ we had at first favored a Houston-specific measure, but decided that joining along with other Texas urban centers in a united front side about this problem is the greatest solution to deliver a powerful message into the Texas Legislature,” she said.

In a town that often rolls over for big company, Parker took a stand that is surprisingly strong the Texas pay day loan industry, which did a lot more than $1 billion running a business into the Houston metro area in 2012 alone. Continue reading