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. Bancshares in the fourth quarter boosted its loan-loss provision to account for deterioration in its leveraged-loan portfolio. The Dallas company also said it would temporarily stop originating.
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banks may struggle to offload their loans in the absence of their biggest buyers. That could weigh on their balance sheets, and potentially crimp lending during times of trouble, according to Dallas.
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Dallas became the first Texas city to rein in such businesses in 2011. The regulation cut the number of payday loan storefronts from 220 in 2011 to 65 in 2017, according to the Dallas Morning News..
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