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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 make sure that town laws on customer lending additionally apply to credit solution organizations like payday and car name lenders. The alteration, handed down the permission agenda, produces and adds a software cost for many companies.

In Texas Attorney General Ken Paxton ruled that state law allows extensions of consumer credit through forms of debt other than payday and motor vehicle title loans, defining those businesses as a subset of credit services organizations november.