Fort Worth, the only major city in the state not to pass an ordinance restricting the operations of payday lenders, is taking a new look at the issue.
Two weeks ago, City Manager Tom Higgins released a report on payday lenders for council members, noting that most of the 15 cities in Texas that have passed new regulations have been sued by a trade group representing the lenders. Responding to a council request, the report said city staff members would monitor the lawsuits against San Antonio and Dallas to determine if it’s practical to adopt a payday loan ordinance here.