Editorial: Statewide payday reforms that are lending

The Fort Worth City Council took one step into the right way in voting to rein in payday loan providers.

The other day, for a vote that is 5-3 control the predatory lending company, Fort Worth became the newest major town within the state to look at this kind of measure. It joins almost 70 other Texas metropolitan areas which have enacted some form of legislation for short-term loans in the past ten years.

This would deliver a clear message to lawmakers that statewide legislation about this problem becomes necessary. Most likely, Republicans usually complain about patchwork regulations, but those laws frequently arise because of state inaction on key dilemmas.

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