Texas Sen. John Corona (R-Dallas) recently introduced Senate Bill 1247 in an attempt to change the way payday lenders operate and how cities can control them. Some say, however, that it is not enough to curtail the problem. Rep. Mike Villarreal (D-San Antonio) filed identical legislation in the form of HB 2706 to address payday and auto title lending reform. SB 1247 would implement some measures to eliminate the perpetual nature of the loans, force loan size to correspond to a customer’s income or vehicle value, and create more transparency in the industry. It does not limit fees and interest rates, which currently are about 600 percent in Texas. The bill's language also would limit cities' ability to police the loan businesses in their communities with preemption. Rep. Tom Craddick has filed HB 2019, which would limit fees and interest for consumer loans.