Brand New Eastside Credit Union Filling The Payday Lending Gap

Monday, November 30, 2020

Brand New Eastside Credit Union Filling The Payday Lending Gap

The town of San Antonio is making good on its efforts to modify the lending that is payday by filing case against seven establishments presumably in breach for the town ordinance.

The ordinance – which, on top of other things, requires payday and auto-title loan providers to join up utilizing the town, spend a fee, and limits the total amount of the loan – went into impact just last year, and since then has seen challenges through the industry. Possibly the challenge that is biggest in almost any regulatory ordinance, like the newly passed away Vacant Structures Ordinance, is enforcement. Read the rest of this entry »