Daily Archives: April 16, 2013

Rep. Tom Craddick Wants to Regulate Payday Loans

It’s becoming a perennial pastime at the Texas Capitol. Former speaker of the House Rep. Tom Craddick (R-Midland) files a simple one-page bill that would close a loophole that allows payday and auto-title lenders in Texas to avoid the state’s anti-usury laws and charge unlimited rates; everyone listens politely; and then the bill gets leapfrogged by much more convoluted payday reform legislation.

Texas on the Brink: Too Few Graduates, Too Many Uninsured

The bottom line, say the representatives who participated in the group, is that Texas has some major work to do. Rep. Garnet Coleman (D-Houston), who led the 2013 study group, introduced the report in a press conference held on Monday morning.

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