Working with consumer advocates, including our client, Texas Association of Goodwills, and credit service organizations, Texas State Rep. Vicki Truitt has filed 3 bills that will address predatory lending. Other legislators have already filed bills seeking to regulate payday and auto title lending, but Truitt’s bills seek to ensure that legitimate businesses can continue to operate.
Truitt chairs the House Committee on Pensions, Investments and Financial Services. In her press release, Truitt states that she does not want to “over-regulate…and drive business and jobs from Texas, but if there are rogue actors out there preying on innocent people, we need better recourse than what is now available.”
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