Ellis stated moving the ordinance had been a “big coup” over industry opposition. State Sen. Sylvia Garcia, D-Houston, stated it can protect families and foreshadowed future action that is state-level.

Nevertheless the ordinances in Houston as well as other metropolitan areas may be unenforceable or invalidated by courts, stated Carona, president of this Senate Committee on company and Commerce.

Carona stated the legislation he proposed year that is last have conserved Texas customers vast amounts in costs, protecting them “from the period of financial obligation while preserving their usage of credit while the fundamental basics that help our free-market economy.” The proposition could have pegged the most permissible loan a loan provider can offer to a borrower’s month-to-month earnings, restricted the sheer number of lending options loan providers can offer and capped the amount of times an indebted debtor could refinance financing. Read More