The U.S. House Financial Institutions and Consumer Credit Subcommittee hold a hearing on H.R. 1588 – The Consumer Rental Purchase Agreement Act by Rep. Francisco “Quico” Canseco. Premier owner, Roy Soto and APRO Customer of the Year, Vivian Saunders testify on behalf of the RTO industry. University of Houston Professor, Jim Hawkins testifies on behalf of his academic research about the rent-to-own industry and fringe banking. National Consumer Law Center representative, Margot Saunders testifies against the bill. The FTC also testifies.