Tag Archives: Texas Legislature


Payday Loan Reform Faces Uphill Battle in House

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.

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.

GOP Senator Accuses Colleagues of Being ‘Shills’ for Payday Lenders

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.”

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