Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Texas Senate passes payday lending bill
AUSTIN, Texas (5/26/11)--The Texas State Senate passed two bills Monday that will regulate payday lenders. HB252 requires credit service organizations to give consumers “adequate information” about costs they will be charged before they sign any lending agreements (The Texas Tribune May 23). The bill expands notice and disclosure requirements for lenders. A companion bill--HB 2594--requires payday and car-title lenders to be licensed and regulated by the state of Texas. The two bills now go back to the Texas House of Representatives for another review. If the House approves the legislation, the bills go to Gov. Rick Perry for signature.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
8 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
9 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
11 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
13 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
13 hours ago