Late into the night, the payday loan industry strutted its stuff before a very friendly House committee. The hearing came just a week after the Senate passed a surprisingly tough bill that the industry insists would shut down most of Texas’ 3,400 payday and auto-title storefronts. Even though the legislation aired last night is a faint shadow the Senate bill, it got a rough treatment from six of the seven committee members.
Tag Archives: Texas Legislature
The Lead: Payday loans have become one of the session’s hottest topics. Some lawmakers and consumer advocates have said this session is the time [...]
The House will vote on an $875 million state spending bill today.
The Lead: Two years after leaving the state’s rainy day fund untouched, despite a $27 billion deficit, the Senate voted yesterday to finally use [...]
The Lead: There aren’t many consumer victories at the Texas Capitol, but Monday’s debate on payday loan reform was certainly one of them. After [...]