Lawmaker’s company accused of ignoring payday financing.
As a known member for the Texas House of Representatives, Houston Republican Gary Elkins makes guidelines. As a businessman, he could be an owner of a string of payday lending shops accused of breaking them.
Elkins opposed payday financing laws through the 2011 and 2013 legislative sessions, arguing users should defer to their expertise and calling the bills a remedy looking for a issue. Efforts at comprehensive statewide reform failed, leading Texas’ three biggest towns and cities to look at their restrictions that are own these products payday and automobile name lenders could offer. Continue reading “Lawmaker’s company accused of ignoring lending that is payday”