To conquer payday loan providers, an alternative solution requires banking institutions to simply help out

To conquer payday loan providers, an alternative solution requires banking institutions to simply help out

Just just How community loan centers work, and exactly just what nevertheless appears inside their means.

Back June, whenever a federal regulator revealed first-of-their-kind guidelines when it comes to small-dollar loan industry, we discovered that regional ordinances had currently had a dramatic impact in Houston along with other Texas towns and cities. This weekend) by requiring that borrowers demonstrate an ability to repay their loans, Houston two years ago made payday and auto title lending slightly less profitable, and records show that about 40 percent of the licenses required to make those loans have disappeared (more on that in a story. Continue reading To conquer payday loan providers, an alternative solution requires banking institutions to simply help out