Category Archives: too many payday loans

Councilman Chadis trying to manage payday loan providers

Councilman Chadis trying to manage payday loan providers

Councilman Juan Chadis thinks lenders that are short-term preying on Lubbock’s most vulnerable citizens, so he’s gearing up to introduce an ordinance targeted at managing the industry in Lubbock.

Chadis is hoping Lubbock joins the almost 40 urban centers over the declare that have a ordinance that is standardized reduce steadily the “abusive and predatory financing techniques” of short-term loan providers referred to as payday or car name loan providers. Continue reading