. (Picture: Contributed Picture)
The Abilene City Council will talk about lending that is payday its Thursday conference, a proposed ordinance creating many different laws for such loan providers that could through the amount of installment payments permitted and specific instructions as to how much could be lent.
“There are over 40 municipalities into the state of Texas which have adopted a payday ordinance that is lending” said City Manager Robert Hanna in a council briefing Monday early early morning. “It doesn’t prohibit payday or car name loan financing, it just makes an endeavor to cap the actual quantity of payments – how much somebody is accountable for.”