A day after passing through the Texas Senate, the House has followed suit and approved of the Senate version of House Bill 2592. If passed, the bill that now just awaits the signature of Governor Rick Perry will require more extensive disclosure from payday lenders in Texas. House Bill 2594, which requires payday lenders to be licensed by the state, still awaits final House approval.

Payday lending could soon become more transparent for borrowers looking for money fast — the House today concurred with the Senate version of a bill that would require payday lenders to disclose interest rates and fees associated with the loans.