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.
Tag Archives: John Carona
An ugly scene erupted in the Texas Senate today, with Sen. John Carona (R-Dallas) suggesting that some of his Republican colleagues were “shills” for the payday loan industry and worrying that the GOP would be seen as “the party that is backed and bankrolled by payday lenders.”
Consumer advocates and Democrats are divided over a Senate bill that would impose light regulations on payday and auto-title lenders.
At a legislative hearing this morning, state Sen. John Carona, the Dallas Republican who’s leading the payday “reform” effort in the Senate, basically said the industry had bought off lawmakers. Carona was defending the latest version of his payday loan legislation, which most advocates derided as unacceptably weak.
Zaffirini’s nomination roast continued with a nod to Van de Putte’s 12 kids and grandchildren gathered around her desk. “I’m not sure when she became an advocate for Planned Parenthood,” Zaffirini said, “but I bet her children are glad it wasn’t earlier.”
After we published my story on how a major Texas-based payday loan chain, the Cash Store, has found a way around new state and […]
As serendipity would have it, I had stumbled onto the latest mutant creature in the wild and wooly world of Texas payday lending. “What you’ve come across is really important,” said Ann Baddour of Texas Appleseed. “It looks like they have found a loophole within a loophole.”