Oppose CSHB 846 (Flynn): Protect the Public from Predatory Payday Lenders

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Celia Cole /(512) 320-0222 x110

May 3, 2005

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Texas has a longstanding tradition of fighting usury- in fact, specific interest rate caps were written into the original Texas Constitution. CSHB 846 substantially weakens these consumer protections and authorizes interest rates on loans as high as 780 percent!