Bills Filed to Reform Payday, Auto Title Lending

Austin Business Journal (March 7, 2013) – Senate Business and Commerce Committee Chairman John Carona, R-Dallas, and House Investments and Financial Services Committee Chairman Mike Villarreal, D-San Antonio, filed identical legislation, Senate Bill 1247 and House Bill 2706, respectively.  “These bills will provide uniformity throughout the state and maintain Texans’ access to credit,” Carona said, “and take a significant step forward in protecting consumers from an irreversible cycle of debt.” …

 

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