By Greg Morcroft, MarketWatch
Shares of several companies that make short-term, high-interest loans to risky borrowers fell Wednesday after an industry-supported bill died in the Texas legislature.
The bill, favored by the so-called “payday lenders,” would have given lenders more flexibility, and allowed them to make more loans to repeat customers.
For this complete story, please visit Death of Texas Bill Hits ‘Payday’ Lenders.
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