The Fort Worth City Council took one step when you look at the direction that is right voting to rein in payday loan providers.
A week ago, for a vote that is 5-3 control the predatory lending company, Fort Worth became the most recent major town into the state to look at this type of measure. It joins nearly 70 other Texas towns which have enacted some form of legislation for short-term loans in the past ten years.
This will deliver an obvious message to lawmakers that statewide legislation about this problem is required. All things considered, Republicans usually complain about patchwork laws, but those laws usually arise because of state inaction on key dilemmas. The lifting that is heavy this will not sleep solely from the arms of specific municipalities. Residents throughout the state, in towns and urban centers tiny and enormous, deserve equal defenses.