Texas Tribune: Amended Payday Lending Bill Passes Senate

April 22, 2013

The Texas Senate approved a bill to regulate short-term lenders on Monday night, a milestone some thought the chamber wouldn’t reach after a personal and divisive floor fight on Thursday.  But with the measure’s author, state Sen. John Carona, R-Dallas, calling the highly altered bill an “ugly baby,” it remains to be seen whether the measure is viable enough to get through the House.  Read more here.