CPPP APPLAUDS BIPARTISAN EFFORT TO REFORM
PAYDAY AND AUTO TITLE LENDING
(AUSTIN, Texas) Center for Public Policy Priorities released the following statement regarding payday and auto title lending bills moving through the Texas House of Representatives.
Over the past several years, unregulated and high-cost, short-term lending has taken a toll on Texas consumers and communities. Without state oversight, Texas consumers do not have basic protections against abusive lending practices or a way to escape the cycle of debt which traps Texans with unlimited fees. The 82nd Legislature has a unique opportunity to address these problems by enacting House Bill (HB) 2592, 2593, and 2594.
We strongly urge the 82nd Legislature to enact meaningful short-term lending reform to create “rules of the road” and provide basic protections for Texans and their communities.
To read the full statement and to discovery exactly what each of the three bills accomplish click here.
512.320.0222, ext. 112