Council passes modifications to customer financing policies

Council passes modifications to customer financing policies

On Thursday, City Council adopted modifications up to a town ordinance Registration that is governing of Access organizations to ensure town laws on customer lending also connect with credit solution organizations like payday and car name loan providers. The alteration, handed down the permission agenda, creates and adds a software charge for all those companies.

In November, Texas Attorney General Ken Paxton ruled that state legislation enables extensions of credit rating through kinds of financial obligation other than payday and car name loans, determining those organizations as being a subset of credit solutions companies. More