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Payday loan providers retreat locally as new limitations place heat on industry

Right right Back if the city’s ordinance passed, experts recommended that licensees would jump just away from town lines in order to avoid the brand new legislation. That does not seem to have occurred: An analysis of licenses shows no significant motion across jurisdictions.

Closures of payday loan providers, meanwhile, have now been spread over the town, but dropped specially greatly on commercial corridors in places like Spring Branch East, Alief, the Northside, Gulfton and a group by George Bush Park.