Texas: Guns, Payday Loans, CABS-CSO's, 3rd Party Lenders and Car Title Lending in Texas

Published: Mon, 03/11/13

, SB 1247, introduced by Senator Carona is perhaps the most
draconian, job killing, consumer coddling, Texas legislation in a
long, long time.

In a nutshell, here is SB 1247:
Read this online here: http://goo.gl/m6yY5

*18 pages of gobbly-gook. No consumer, business operator, regulator
or court will have a clue as to how 80% of this bill is, or will be
be, interpreted and enforced. No small business person in their
right mind will risk the fines and compliance burden SB 1247 would
implement. That ...

*A consumer may only have 1 loan out with a CAB. What the...! How
does this work? Does the Senator plan to block all access to the
Internet? China, North Korea and Iran cannot even achieve this.
Internet lending transaction volume is growing 30% per year. Why so
slow :o)

Again, this is a lengthly Article. Read here: http://goo.gl/m6yY5