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Texas Senate Passes Surprisingly Tough Payday Loan Reform

After a dramatic false start on Thursday, the big payday loan reform bill—tediously-negotiated by Sen. John Carona (R-Dallas)—easily cleared the Senate. But not before senators agreed to changes that would more or less kill the payday and auto-title industry in Texas.

Hot List: Day 105 of the Legislature

All eyes are aimed at the Senate this afternoon to see if legislators have what it takes to make some major changes to the shameful lending practices in this state.