Subcommittee on Interim Charge #4 
                              Thursday, March 14, 2002 
                                     10:00 a.m. 
                Dallas Area Rapid Transit Board Room, Dallas, Texas 
         Pursuant to a notice posted in accordance with Senate Rule  
         11.18, a public hearing of the Senate Committee on Business &  
         Commerce, Subcommittee on Interim Charge #4,  was held on  
         Thursday, March 14, 2002, in the Dallas Area Rapid Transit Board  
         Room, Dallas, Texas. 
         MEMBERS PRESENT:                        MEMBERS ABSENT: 
         Senator Eliot Shapleigh, Chairman       Senator Troy Fraser 
         Senator John Carona                     Senator Mike Jackson 
         Senator Eddie Lucio, Jr.                 
         Chairman Shapleigh called the meeting to order at 10:05 a.m.   
         There being a quorum present, the following business was  
         Senator Carona welcomed the members to Dallas, and Senator Lucio  
         made a brief opening statement.  Sue Bauman, Vice President of  
         Marketing and Communications for the Dallas Area Rapid Transit  
         (DART), welcomed the members and those attending the hearing on  
         behalf of the DART board members.  Chairman Shapleigh expressed  
         his appreciation to the DART board members for allowing the  
         Subcommittee to meet in the Board Room. 
         The Chairman advised that, pursuant to Interim Charge #4, the  
         Subcommittee would be looking at all aspects of lending and  
         access to capital in all areas of Texas.  The first issue to be  
         addressed at the hearing was Mortgage and Personal Lending.  The  
         invited witnesses were: 
              Mike Hernandez, Fannie Mae, Dallas, 
              Rob Schneider, Consumers Union, Austin, and 
              Elizabeth Wolff, Association of Community Organizations for  
              Reform Now (ACORN),       Dallas. 
         Following testimony and response to members' questions, Chairman  
         Shapleigh called Joshua Silver, representing National Community  
         Reinvestment Coalition, Washington, DC, to testify on Business  
         Lending Issues.  At 11:55 a.m. Chairman Shapleigh moved that the  
         Subcommittee stand recessed for a thirty minute lunch break;  
         without objection, it was so ordered.   
         At 12:30 p.m. the Subcommittee reconvened.  The Chairman called  
         the following public witnesses who wished to testify regarding  
         their experiences with lending issues: 
              Nelda Olvera, ACORN, San Antonio, and 
              Mary Salas, San Antonio.   
         Invited testimony on Business Lending Issues resumed with David  
         Pinkus, representing Small Business United of Texas, Austin,  
         Following Mr. Pinkus' testimony, Chairman Shapleigh advised that  
         the next topic was Lending Services, Programs and Solutions, and  
         called the invited witnesses as follows: 
              Ken Greer, Independent Bankers Association of Texas, Mt.  
         Vernon, Texas, 
              Mario Riojas, Accion Texas, Inc., San Antonio,  
              Bettye Banks, Consumer Credit Counseling Center, Dallas,  
              Charles English, Southern Dallas Development Corp. and  
         Texas Mezzanine Fund, Inc. 
         Upon completion of invited testimony, the Chairman called for  
         public testimony to commence.  The witnesses testifying were:  
              Bill White, Cash America International, Ft. Worth, Texas, 
              Ronald Abbott, Peoples National Bank, Paris, Texas, 
              Eric Norrington, Ace America's Cash Express, Irving, Texas,  
              DeVera Allen, representing herself, Dallas, Texas. 
         There being no further business, at 3:38 p.m. Chairman Shapleigh  
         moved that the Subcommittee stand recessed subject to the call  
         of the chairman.  Without objection, it was so ordered.   
         Senator Eliot Shapleigh, Chairman 
         Barbara Henderson, Clerk