HB 846: A Bill to Regulate Deferred Presentment Transactions

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Celia Cole /(512) 320-0222 x110

March 7, 2005

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I am here today because of the devastating impact so-called “payday” loans can have on low-income Texans and their families. While we support the intent behind CSHB 846—to regulate payday lenders—we cannot support the bill as filed.