Councilman Chadis seeking to manage payday lenders

Councilman Chadis seeking to manage payday lenders Councilman Juan Chadis thinks lenders that are short-term preying on Lubbock's many vulnerable residents, so he's gearing up to introduce an ordinance directed at managing the industry in Lubbock. Chadis is hoping Lubbock joins the almost 40 towns and cities throughout the declare that curently have a standard ordinance to reduce steadily the "abusive and predatory financing techniques" of short-term loan providers referred to as payday or automobile name loan providers. These loan providers typically provide little loans...