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The Police News

Austin officials preparing for fight over payday lending rules

Feb. 4, 2013

Critics of so-called payday lending are girding for a fight at the Texas Legislature, anticipating an effort to undermine new laws adopted by several cities, including Austin, that curtail high-interest, short-term lending.

Payday lenders say they want consistency from community to community, and they question whether cities should be restricting how and where people can borrow money.