After passing through the Texas House of Representatives last week, two payday lending regulation bills (House Bills 2592 and 2594)  made their way through the Texas Senate on Monday. The bills will now go back to the House,  where they will need to get approval of any Senate changes before they get to Governor Rick Perry.

Sen. John Carona, R-Dallas, said his legislation is a modest step to require more than 3,500 storefront payday offices to obtain a state license and to disclose information about their fees to customers.

The legislation does not address the so-called cycle of debt — when consumers extend their short-term loans, on average a dozen times, racking up heavier fees.