A drawn-out day of often contentious deliberations on regulatory relief legislation in the House Banking Committee was sprinkled with a few lighthearted moments last Thursday.

Rep. Spencer Bachus, R-Ala., introduced an amendment to exempt pawnshops from the Truth-in-Lending Act. The lawmaker then told members how a pawnbroker once had saved his skin.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.