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This in Upside-Down World: Payday Lenders Upset about ‘Special Interests week’

Publicado por Valentina Tolosa en 11 julio, 2021
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This in Upside-Down World: Payday Lenders Upset about ‘Special Interests week’

During the present price, there could be each and every day into the not-so-distant future whenever every Austin lawmaker and staffer would go to work with the cash advance industry, making no body, at final, to imagine to worry about usurious prices, the period of financial obligation and criminalization of borrowers. I exaggerate, needless to say, but just somewhat. The menu of legislators and their employees that have moved, often instantly, from the Capitol towards the industry is impressively very long. As Texans for Public Justice discovered a year ago, 10 % associated with lobbyists utilized by lending interests during the Legislature had been previous lawmakers. The Southlake Republican who carried the “reform” bills in 2011 and chaired the House committee that oversees the industry among them was Rep. Continue Reading

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