Monday, May 23, 2011

Payday lending bills get Senate approval

Senators took the plunge into payday lending reform Monday, passing two House bills that bring some oversight to the largely unregulated industry in Texas.
Sen. John Carona, R-Dallas, said the legislation represents a "very, very delicate compromise" between consumer groups and the payday and auto title lending industry.

Shannon: http://dallasne.ws/lr297U

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