About the Author
Elizabeth Pagano is the editor of the Austin Monitor.
Newsletter Signup
The Austin Monitor thanks its sponsors. Become one.
Most Popular Stories
- Parks Board recommends vendor for Zilker Café, while voicing concerns about lack of local presence
- City leaders evaluate surprising ideas for water conservation
- Office slowdown sparks new downtown housing ambitions
- Audit: Economic official granted arts, music funding against city code
- Downtown Historic Resource Survey eyes seven new districts eligible for designation
-
Discover News By District
Popular Whispers
Sorry. No data so far.
New ruling for payday lending ordinance
Monday, September 25, 2017 by Elizabeth Pagano
This spring, a municipal court judge struck down a section of Austin’s payday lending ordinance. According to that ruling, the ordinance’s limits on installation payments were preempted by state law. Last week, a Travis County court found that the ordinance is not preempted by state law. Texas Appleseed called the ruling a “huge win.” A press release from the group explained, “State data for the Austin Metropolitan Statistical Area show that from 2014 to 2016, there was a 43% decline in the dollar amount of refinances for these high-cost loans and borrowers paid nearly $27 million less in fees to payday and auto title lenders. During the same period, 1,291 fewer families had a car repossessed by an auto title lender.”
Join Your Friends and Neighbors
We're a nonprofit news organization, and we put our service to you above all else. That will never change. But public-service journalism requires community support from readers like you. Will you join your friends and neighbors to support our work and mission?