Dallas Morning News: The Texas payday lending war — and a way forward

April 18, 2013

The Texas Senate started debating today SB 1247, the bill by Dallas GOP Sen. John Carona to put new rules around payday lending. Carona opened discussion this afternoon by talking about his desire to not hurt consumers. And he listed a number of consumer-oriented groups now backing the bill, such as the liberal-leaning Center for Public Policy Priorities.   At the same time. Carona said, we are all capitalists. As such, most people recognize the need for businesses to operate.  Read more here.