PRO-CONSUMER LEGISLATION TO REIN IN PREDATORY LAWSUIT LOANS PASSES COMMITTEE
On April 29th, The Texas House Judiciary and Civil Jurisprudence committee passed HB 1595 by Rep. Doug Miller (R-New Braunfels), sending it to the House floor for a full vote. This was a major step forward in the effort to rein in this often times predatory industry. HB 1595 will protect Texas consumers from the most unscrupulous and egregious practices of the lawsuit lending industry. Currently, the industry is wholly unregulated in Texas. To see the full release from TALA, click here.