The lawsuit, filed in Travis County District Court, seeks to have the new law ruled unconstitutional and unenforceable. Houston city attorneys on Monday filed a lawsuit against a new state law that blocks an array of local regulations, marking the first legal challenge to the sweeping crackdown on cities and counties. Brett Coomer, Houston Chronicle / Staff photographer Show More Show Less City leaders proposed cutting their property tax rate on Wednesday, a move made necessary by a revenue cap approved by voters in 2004. Brett Coomer/Houston Chronicle Show More Show Less 2 of2Ĭity Hall, shown Tuesday from the Chase Tower observation floor. While Houston (and many other Texas metros) have passed ordinances trying to rein in payday lending, the "Death Star Bill" will forbid future local rules around the loans, though it leaves existing ordinances in effect. ![]() ![]() ![]() A new report on payday lending finds that Texas stands out for having the highest payday lending rates in the nation - a staggering 662 percent annualized, on a single payment payday loan. ![]() Advance America, a consumer financial services business, is shown on Tuesday, Jin Houston.
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