ACTION ALERT- LAWSUIT LOANSHARKS HURT CONSUMERS
Lawsuit loansharks – unscrupulous lenders who prey on people when they are at their most vulnerable – should be regulated in Texas. These lenders offer quick cash in advance of legal settlements but often charge up to 150% of the loan in fees and interest. Since they are new in Texas, lawsuit lenders are operating under zero regulation in our state.
House Bill 1595, by Rep. Doug Miller, will protect Texas consumers from these predatory practices. But our lawmakers need to hear from us. Click here to take action, and urge your lawmaker to bring the bill up for a vote and vote “yes”!