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Austin Municipal Court Judge Ferdinand Clervi struck straight straight down a part of Austin’s payday

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Austin Municipal Court Judge Ferdinand Clervi struck straight straight down a part of Austin’s payday

lending ordinance in March, governing that the limits that are ordinance’s regularity and quantity of installments are preempted by state legislation.

If Clervi’s ruling is finally upheld, it’s going to imply that Austin, as well as other metropolitan areas which have comparable ordinances in Texas, may no further have the ability to protect consumers when you look at the real method in which City Council envisioned whenever it enacted the ordinance.

On Thursday, the town filed appeals both in instances, saying the judge had been mistaken when he ruled that state legislation overrules the ordinance’s restrictions. Read More