Payday Loans Threaten Texans’ Financial Well Being

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Author:
Celia Cole /(512) 320-0222 x110

April 22, 2005

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The Center for Public Policy Priorities today urged Chairwoman Beverly Woolley to oppose House Bill 846â€"a bill that would open up the practice of payday lending in Texas-in the name of promoting financial well being for all Texans. HB 846, by Rep. Dan Flynn, would make such loans more available, and more expensive, for desperate, cash-strapped Texans.