Down to the Wire

CPPP logo

Hundreds of bills have run out of time in the Texas Legislature, but a flurry of amendments and maneuvers mean several policy solutions – and some policy nightmares – still have a chance of passing. Here is a preview of upcoming action we’re watching and some of our work from the past week. What we’re […]

Why Payday & Auto Title Lending Legislation Is A Good Deal

Today CPPP sent an open letter to the Texas Senate supporting SB 1247, which would protect consumers from excessive fees totaling between $260 and $440 million over the upcoming biennium. Here’s why we are for SB 1247:     Half a loaf is better than none, particularly a $400 million loaf. SB 1247 limits the […]

2013 Lege–Payday & Auto Title Lending

Two years ago, the 2011 Texas Legislature enacted two measures to rein in the Wild West of payday and auto title lending by requiring licensing, standard disclosures, and data collection under the Office of Consumer Credit Commissioner. The bill to address the cycle of debt—where consumers “roll over” or refinance a single loan multiple times […]

Payday Lenders Ignore Texas Legislature & City Councils

Texas is arguably ground zero in the battle to rein in excessive fees and deceptive practices from payday and auto title lenders.   Last week, the Office of Consumer Credit Commissioner (OCCC), the state entity that supervises credit access businesses (CABs)—also known as payday and auto title lenders—issued stern warnings to companies that appear to be […]