Texas Senate Passes Amazingly Tough Cash Advance Reform. Easy methods to Eliminate Cash Advance Financial Obligation
After having a dramatic false start Thursday, the major cash advance reform bill tediously-negotiated by Sen. John Carona (R-Dallas) effortlessly cleared the Senate. Not before senators consented to modifications that could pretty much destroy the payday and industry that is auto-title Texas. You read that right: The Texas Senate fundamentally voted for legislation that could power down a lot of the payday and title stores that are lending Texas.
During the period of 15 amendments, Senate Bill 1247 went from milquetoast to something which Ralph Nader would lavish with praise.