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It’s special interest groups that kill payday loan reform - The Galveston County Daily News : Guest Columns

July 28, 2014

It’s special interest groups that kill payday loan reform

Posted: Saturday, March 15, 2014 12:00 am

In almost every news story or report about Texas payday and auto title loan reform you hear consumer interest groups blame the defeat of legislation regulating the industry on “high-powered, moneyed lobbyists” for credit access businesses — or CABs.

On March 5, Sen. Rodney Ellis, D-Houston, and Reps. Craig Eiland, D-Galveston, and Mike Villarreal, D-San Antonio, repeated the allegation in a Galveston County Daily News op-ed. In the article, the lawmakers stated, “During the last legislative session, industry lobbyists blocked the reform bill we tried to pass.”

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