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BEAMER: Payday loan conflict of interest

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by Randy Beamer - News 4 San Antonio

SAN ANTONIO - I have a question for you about something that's pretty much flown under the radar in Texas until recently.

Conflict of Interest?

Did you know that the chairman of the state agency which oversees the payday loan industry in Texas is also a vice president of one of the biggest payday loan companies?

Does that seem odd?

It's actually been that way for some time, but it's become an issue and more people are saying it doesn't make sense after some controversial comments that he made and after his payday loan company was fined millions. ...


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