About Municipal Ordinances
Passing a restrictive ordinance against the short-term lending industry does not reduce demand for short-term lending. Eliminating access to credit only hurts, not helps, consumers.
Texans Deserve Financial Flexibility
Banks and credit unions are not realistic alternatives to small, short-term loans. They aren’t always options for thousands of hardworking Texans with little to no credit.
About The Industry
Short-term lending companies are approximately 15-20 times less profitable than credit card companies, banks, and other financial institutions. The PEW Charitable Trust and the Center for Responsible Lending are paid advocacy arms for banks and credit unions and don’t represent consumers.