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Councilman Chadis trying to control payday loan providers

Councilman Chadis trying to control payday loan providers

Councilman Juan Chadis thinks short-term loan providers are preying on Lubbock’s many vulnerable residents, so he’s gearing up to introduce an ordinance geared towards managing the industry in Lubbock.

Chadis is hoping Lubbock joins the almost 40 towns and cities throughout the declare that currently have a standard ordinance to lessen the “abusive and predatory financing methods” of short-term loan providers called payday or car name loan providers.