I’m glad to see this, because the Lege definitely left business unfinished last time. About 83 percent of customers in Beaumont and 75 percent in the Houston and San Antonio metro areas are locked in a loan renewal cycle, latest lender reports show. State Sen. Leticia Van de Putte, D-San Antonio, and state Sen. John [...]
Posts Tagged ‘Vicki Truitt’
Texas’ public pension funds are solvent through 2075
There was a hearing in the Lege this week about the state’s pension plans, and the good news is that they’re in pretty good shape. The better news is that the members of the Lege’s pension committee recognize that fact. State Rep. Rob Orr, R-Burleson, who is said to be in the running to be [...]
Politicians come and go, but campaign cash is forever
It seems that way, anyway. With the defeat of several incumbents in last week’s primaries, there’s a lot more unneeded campaign war chests lying around. Millions in unspent contributions have long lurked in former state lawmakers’ campaign bank accounts, often sitting idle until the cash eventually works its way back into the political system. There [...]
Watered down payday lending bills pass Senate
It’s inadequate, but it’s the best we’re going to get out of this Legislature. Senators took the plunge into payday lending reform Monday, passing two House bills that bring some oversight to the largely unregulated industry in Texas. Sen. John Carona, R-Dallas, said the legislation represents a “very, very delicate compromise” between consumer groups and [...]
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, will ask the Texas House to approve a package of three bills written as part [...]
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 the full Senate, has strong support from a coalition of consumer and faith-based groups, who [...]
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 testimony in favor of legislation that would curb Texas’ Wild West payday and auto-title lending [...]
Stand Up To Help Bloggers Get Needed Protections Under Texas Law
Vince writes about a bill that is of great interest to all us bloggers. On Monday, the House Judiciary and Civil Jurisprudence Committee will hold a public hearing on a bill which will give Texas bloggers and citizen journalists some much-needed protections under Texas law. The committee will take public testimony on House Bill 4237 [...]