It's been debated in public and behind the scenes. Now, a proposal to place limits on payday and car title lenders has won approval in a Senate committee.
The Senate Business and Commerce Committee voted 5-1 on Thursday to send the bill by Sen. Wendy Davis, D-Fort Worth, to the full Senate. The legislation would close a loophole that allows payday lenders to operate outside of Texas regulations imposed on other financial institutions.
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