San Antonio reaches settlement over city’s payday-lender law

San Antonio reaches settlement over city’s payday-lender law

San Antonio has settled long-running unlawful and civil battles more than a city ordinance regulating payday and auto-title loan providers.

A few companies that opposed the ordinance, which took effect in 2013, have finally registered because of the town as “credit access businesses” and consented to spend $60,000 to cover the town’s expenses, including expenses that are investigative. a lawsuit that is civil by one of many businesses wanting to have what the law states declared unconstitutional happens to be fallen. Continue reading