Consumer advocates are frustrated at the efforts to reach a compromise with the payday loan industry after the release of a new financial report that details the millions in campaign contributions made to Texas lawmakers by industry lobbyists.
A report from Texans for Public Justice released last week said industry lobbyists made $4 million in campaign contributions to Texas lawmakers over the last two elections.
The recently released study indicates House Speaker, Joe Straus and his Texas House Leadership Fund received $360,000 in contributions from the payday loan industry during the 2012 election cycle.
Payday Loan Reform Bought by Lenders
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