Big bucks behind payday advances. Veteran state legislators, such as for example Lubbock’s Sen.

Big bucks behind payday advances. Veteran state legislators, such as for example Lubbock’s Sen.

Sunday

Robert Duncan and Amarillo’s Rep. John Smithee, state sometimes it can take years to pass comprehensive legislation.

Bills targeted at managing the alleged payday lending industry – the financial institutions that fee excessive interest levels to borrowers whom cannot repay their loans on time – would be the typical instance.

A week ago, the Senate company and Commerce Committee voted 6-1 in favor of a bill that will reform the industry experts accuse of preying on economically struggling Texans. 继续阅读“Big bucks behind payday advances. Veteran state legislators, such as for example Lubbock’s Sen.”