The Lead: The franchise tax came into existence in 2006 and was trouble from the start. Businesses hated that it taxed their gross receipts […]
Tag Archives: Texas Legislature
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.
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 […]
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.
Carona bluntly pointed senators out for being controlled by payday lender lobbyists before agreeing to hold off the vote for Monday.
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.”
The Lead: We’ve reached day 100 of the session. Just 40 days left to complete the state’s business for the next two years without […]