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Financial Services Law Insights and Observations

Texas regulator urges credit access businesses to consider emergency measures, extends reporting deadlines

State Issues Covid-19 Texas Third-Party

State Issues

On May 15, the Texas Office of the Consumer Credit Commissioner revised an advisory bulletin to credit access businesses, extending the deadline to file 2020 first quarter reports until May 31, 2020 (previously covered here). The office also encouraged credit access businesses to work with third-party lenders to provide relief to consumers negatively impacted by the Covid-19 pandemic.

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