Tag Archives: Consumer Service Alliance of Texas

Houston’s payday lending ordinance is now in place

Part of me hopes that there’s a lot of complaints, and part of me hopes there’s very few. Houston’s stringent new rules on payday and auto title lenders took effect Tuesday, reviving industry complaints that it would drive companies out … Continue reading

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Payday lending prospects look grim in the House

From the Observer: Late into the night on Monday, 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 … Continue reading

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Lege gets set to tackle payday lending

The good news is that the Lege is ready to tackle legislation dealing with the scourge of payday lenders. The bad news can be summarized by the following remarks in this Chron story. This week, State Rep. Vicki Truitt, R-Keller, … Continue reading

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Payday lending bills advance

Good. Legislation by Sen. Wendy Davis of Fort Worth that would cap fees and interest on loans made by payday and car title lenders was approved Thursday by the Senate Business and Commerce Committee. The bill, which now heads to … Continue reading

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It’s way past time to regulate payday lenders

From the Observer: As an industry, when you’ve got Tom Craddick, consumer groups, the Midland County District Attorney and Bible-quoting Baptists arrayed against you, most likely you’re facing a serious come-to-Jesus moment. Today, a House committee heard hours of impassioned … Continue reading

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