Mealey's Banking & Finance - Texas Panel Upholds Dismissal Of Challenge To Lending Ordinance

Mealey's Banking & Finance - Texas Panel Upholds Dismissal Of Challenge To Lending Ordinance

DALLAS - A Texas appeals court on May 23 rejected payday lending companies' challenge to restrictions the City of Dallas placed on credit access businesses' (CABs) short-term loans, finding that a trial court did not err in holding that it did not have equity jurisdiction or subject matter jurisdiction over the claims (Consumer Service Alliance of Texas Inc., et al. v. City of Dallas, Texas, No. 05-13-00255, Texas App., 5th Dist.).

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