Should The Lubbock City Council Regulate Payday Lenders? [POLL]
Lubbock City Councilman Juan Chadis wants the Lubbock City Council to regulate payday lenders. It’s an issue the Council will discuss in a work session on Thursday but not action will be taken according to reports. According to reports, Chadis is seeking an ordinance that would limit the payday loan 20 percent of the borrower’s monthly income.
Should the City of Lubbock regulate payday lenders?