Payday loan providers retreat in the face of the latest restrictions

Date: April 14, 2021 | Category: loan by phone payday loans near me

Payday loan providers retreat in the face of the latest restrictions

Since that push started, the industry’s impact has shrunk markedly.

An Austin nonprofit, found that the number of storefronts in Texas fell by 25 percent between 2012 and 2015 in a report published in June, Texas Appleseed.

“The ordinances have now been helpful inside their objective, which will be to turn off credit access companies,” claims Michael Brown, whom operates a Corpus Christi-based consultancy for small-dollar lenders.

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