Council to consider payday loan issue on Thursday

Published: May. 8, 2014 at 2:16 AM CDT
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LUBBOCK, TX (KCBD) - Lubbock City Council is set to consider the issue of payday loans on Thursday.

Councilman Todd Klein says he's concerned about the high interest rates that some borrowers have to pay.

He's proposed a citizen task force to come up with a reform plan and make recommendations to state officials.

But at the last city council meeting, some members were not certain that a task force is the right way to address Klein's concerns.

They agreed to continue the discussion at Thursday's meeting.

The council is also expected to appoint a new city attorney on Thursday.

Last week they named Chad Weaver as the sole finalist for the position.

Weaver has served as an assistant city attorney for Lubbock for the past seven years.

Weaver will replace former city attorney Sam Medina who resigned in March.

Medina cited an investigation into sexual assault allegations made against him as the reason for his resignation.

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