Austin American-Statesman: Payday lending reforms stall in Texas Senate

April 18, 2013

A move to curb predatory payday lending practices in Texas stalled Thursday afternoon in the state Senate, amid an angry exchange about corruption and arm-twisting by lobbyists.  State Sen. John Carona, R-Dallas, the author of Senate Bill 1247, earlier in the day had tried to bring up the bill, only to delay its consideration because of growing opposition from lending-industry lobbyists. When he moved to debate the bill after a lunch break, he noted that a vote was needed before the end of the day to keep those lobbyists from killing it.  Read more here.