Scroll to the bottom to read about Councilmember Rodriguez’s blowup on Twitter against three Chronicle writers, Texpatriate and Noah M. Horwitz
The Houston Chronicle reports that the Payday Lending ordinance, which has been kicked around at the City Council for a few weeks now, has been passed by the City Council in a lopsided vote of 15-2. The strong majority support placated fears that the ordinance would be delayed into next year’s session, complete with a City Council riddled with new (and sometimes unpredictable) individuals.
The ordinance requires payday lenders to register with the City, provide contracts in easy-to-read and straightforward language, limits the amount of a loan and places strict restrictions on the number of times a loan may be refinanced. While a cap on interest is omitted, the ordinance has some real teeth and is noticeably stronger than that initially proposed by the Mayor. It is worth saying that the Mayor has received some pretty generous contributions from Payday Lending PACs over the years, so the new hefty ordinance is a nice precedent to set that you must not always be a slave to who has given you money.
Among some of the ordinance’s detractors were those who believed it was overkill –though still acknowledged something needed to be done. They were led by Councilmember Jack Christie, who proposed an amendment that would have largely gutted the provisions of the act. The amendment garnered six votes, including Andrew Burks, C.O. Bradford and Dave Martin. While all of these individuals gave long pontifications against the regulations earlier, they all ultimately voted in favor. Helena Brown –the dependable ‘no’ vote– and James Rodriguez were the only dissenting voices in the final tally.