City awaits complaints as cash advance rules get into impact

City awaits complaints as cash advance rules get into impact

Industry predicts certain to be required to head to loan providers in unregulated areas

A guy will leave an Ace money Express near Crosstim-bers and Fulton on Tuesday. A member of staff at one lender said the effect associated with the ordinance had been clear. Cody Duty/Staff

Houston’s stringent new rules on payday and car name loan providers took impact Tuesday, reviving industry complaints so it would drive businesses away from company, or at the very least from the town, but offering borrowers a better path away from financial obligation. Continue reading “City awaits complaints as cash advance rules get into impact”