You must be logged-in and have sufficient BillHop credit in order to edit or comment on this page.
Latest Version
Latest Version
Summary
Prohibits "Credit Service Organizations" from extending credit or having an economic interest in the extension of credit to a client.Background
Payday lenders in Texas are currently able to avoid state regulation by registering as Credit Service Organizations (CSO)./1/ The CSO registration process was originally designed for credit counseling and repair services.References and Resources
/1/ Center for Public Policy Priorities Policy Paper on Texas Payday Lending 1/7/06
Version No. 1
This is an older version of this article.
Summary
Prohibits "Credit Service Organizations" from extending credit or having an economic interest in the extension of credit to a client.Background
Payday lenders in Texas are currently able to avoid state regulation by registering as Credit Service Organizations (CSO)./1/ The CSO registration process was originally designed for credit counseling and repair services.References and Resources
/1/ Center for Public Policy Priorities Policy Paper on Texas Payday Lending
Please login to embed videos on this page.
No one has commented on this bill yet.
© 2009 BillHop.com
The content of this website is licensed under a Creative Commons Attribution-ShareAlike 2.5 License.
The content of this website is licensed under a Creative Commons Attribution-ShareAlike 2.5 License.