The initial week of 2014 has provided a tremendously good preview for the mano-a-mano combat involving the particular gubernatorial promotions of Sen. Wendy Davis, D-Fort Worth, and Attorney General Greg Abbott that may probably arrived at characterize the marquee rivalry regarding the governmental 12 months in Texas – also before they see through the March primary, by which each faces their very own opponents. The problem which has had dominated their back-and-forth since Davis first raised it simply ahead of the brand brand New Year, is payday lending, and also the method the matter has played down has laid bare some apparent kinks in Davis’ procedure – which will be planning to need to show pretty kink-free, along with her armor chink-free, I suspect cannot long hide behind the statutory limits of his current job to avoid describing how he would fulfill his responsibilities in what he hopes will be his next job if it has any hopes of prevailing – but also some lurking peril for Abbott, who.
Abbott’s circumspection in the problem might be well warranted, because, even yet in Texas, payday financing is just one enterprise for which it can appear most people – and even some quite conservative folks – approve of greater federal government legislation. Continue reading “Wendy Davis vs. Greg Abbott: searching for pay dust on payday lending”