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KWBB CW10 South Texas :: News - Top Stories - Houston cracking down on payday loans

Houston cracking down on payday loans

The City of Houston is cracking down on payday loans and the crackdown is patterned after others across the country.

The mayor of Houston says borrowers are often trapped in a cycle of debt and some in the industry say the crackdown will limit options for people who often have no other way to borrow money.

Catholic Charities in Southeast Texas works with people to help them manage finances and avoid high interest loans.Houston cracking down on payday loans

Sunday, July 6 2014, 08:28 PM CDT
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