Texas OCCC Payday Loan License Expires?

By | Dec 28, 2016

Texas OCCC Regulated Lender Licenses Expire at Midnight on 12/31/16. For those of us offering loans in Texas, here is a copy of the alert we received from the Texas OCCC: Good afternoon, This is a final reminder that regulated lender license renewal is now open online via ALECS and must be renewed by December […]

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CFPB Under Attack Again by PDL, Banks, Credit Union Trade Groups

By | Dec 8, 2016

Congress Attacks All Planned CFPB Rules By: Jer Ayles-Trihouse. Financial, fintech, banking and credit union trade groups are storming┬áCongress to ┬árepeal all upcoming CFPB [Consumer Financial Protection Bureau] rules governing arbitration, payday lending, debt collection and prepaid cards by using its authority under the Congressional Review Act. All of us in the payday loan, installment […]

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Bank Accounts for Payday Loan Lenders

By | Nov 28, 2016

By: Jer Ayler at Trihouse Consulting Payday loan lenders and micro-lenders continue to suffer from “bank discontinuance” issues as a result of “Operation Choke Point” launched by the Obama administration in August 2013. The Community Financial Services Association of America (CFSA) and Advance America said ” a preliminary injunction was needed to end the back-room […]

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Payday and Title Loan Requirements

By | Oct 18, 2016

Typical Criteria Required to Apply for a Payday Loan, Installment Loan, or Car Title Loan This is a list of fairly typical requirements of consumers to qualify for a loan. These criteria are dependent on the state the borrower resides in, the status of the lender [startup, seasoned…]… Payday Loan/Installment Loan: Valid ID/DL Proof of […]

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Bedford Texas City Ordinance: Payday Loan Stores

By | Oct 15, 2016

  A Typical Texas Payday Loan City Ordinace ORDINANCE NO. 16-3183 AN ORDINANCE OF THE CITY OF BEDFORD, TEXAS SETTING FORTH REGISTRATION REQUIRMENTS AND CREDIT EXTENSION GUIDELINES FOR CREDIT ACCESS BUSINESSES; CONTAINING A SAVINGS CLAUSE; PROVIDING A PENALTY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Bedford, Texas is a home rule city […]

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