Updates by Stephanie Mace, Payday & Auto Title Loans in Texas Issue Chair
Coalitions & Resources
- Texas Fair Lending Alliance The Alliance is a coalition of over 60 organizations and individuals working to transform the Texas payday and auto title loan market from one based on a cycle of debt, to one that thrives on a cycle of success.
- Faith Leaders for Fair Lending A grassroots effort by people of faith to demand reform of the payday and auto-title lending industries in Texas; includes pastors, religious institutions, and other individuals
- Texas Municipal League (TML) has developed an informational website to provide background and legal resources to cities on this issues. The resources include copies of the zoning and regulatory ordinances, a list of cities that have adopted the ordinances, and information on the lawsuits.
- OCCC's Annual & Quarterly Reports of Credit Access Businesses
- Texas Appleseed's Analysis of Payday & Auto-Title Lending Trends in Texas from 2012 + 2015
- Alternatives to Payday & Auto-Title Loans
- Watch the documentary The Ordinance which follows a city as they consider taking action to protect its residents from payday and auto-title loans"
ACRONYMS: WHAT DOES THAT MEAN?
- APR: Annual percentage rate
- CAB: Credit access business
- CFPB: Consumer Financial Protection Bureau
- CSO: Credit services organization
- OCCC: Texas Office of Consumer Credit Commission
- MLA: Military Lending Act