Tipping my cap; she's off to a great start in pushing a progressive reform agenda in her final term with this.
Update: In case anybody was wondering about my about-face, this is why.
That's called 'boom' and 'thud'. Two hits: the mayor hitting the payday lenders, and the payday lenders hitting the ground.
"I had initially favored a Houston-specific measure, but decided that joining with other Texas cities in a united front on this issue is the best way to send a strong message to the Texas Legislature," said Mayor Parker. "Lenders deserve to make a profit on their investments, but not by charging astronomical interest rates to desperate consumers who have nowhere else to turn for emergency financial assistance. The statewide model I am recommending for approval by Houston City Council achieves this balance."
While making the announcement at Houston city hall on Friday, the mayor was surrounded by a broad coalition of community leaders who say they are concerned that these loans keep the most vulnerable trapped in a cycle of poverty.
Houston City Council will be briefed on the mayor's proposal on Dec. 4. The first opportunity for a vote will be on Dec. 11.She keeps this up and and she'll go down as the best mayor in this city's long history. More from Charles, Stace, and Noah.
Update: In case anybody was wondering about my about-face, this is why.
(Parker) brushed aside concerns about inviting a lawsuit, saying the city is sued daily, and did not finesse her message to the industry.
"They have said they will move outside the city limits of Houston, and I say: Don't let the door hit you on the way out," Parker said. "This is not about making a reasonable profit. This is about preying on vulnerable human beings and making an obscene profit."
That's called 'boom' and 'thud'. Two hits: the mayor hitting the payday lenders, and the payday lenders hitting the ground.
2 comments:
Somewhat off topic here, but not too far. I'm obviously on an e-mail tree from Graci Garces, probably because I'm on an e-mail tree from Carol Alvarado. Long... short. A recent e-mail consists of a letter from the widow of Mario Gallegos, and her children. In which, they all deny any affiliation, familial, or otherwise, with Robert Gallegos... who is in a run-off to become the City Council Representative for District "I". Seems his poll workers are non-committal when asked the question. Enough non-committal, that Theresa (?) Gallegos felt compelled to set the record straight on it. Is this Marc Campos again....????
I'll look into it and see what I can find out, EL.
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