Thursday, May 2, 2013

Twenty-four predatory lenders are paying 82 lobbyists up to $4.4 million to kill a bill to impose consumer protections on payday and auto-title loans. A tenth of the industry's lobbyists are former Texas lawmakers. Georgia-based auto-title lender Rod Aycox is the biggest lobby spender in Texas, which let lenders repossess the vehicles of 35,000 Texans last year.

Details in the new Lobby Watch.