Another City Ordinance passes in Texas. (Canyon)

by The CAB Man Texas on February 10, 2017

Canyon, Texas

  • The City of Canyon, Texas has enacted a “Payday Loan” ordinance. Per News Channel 10 in Amarillo, the City Council of Canyon enacted the ordinance on Monday of this week. Canyon is located about 18 miles south of Amarillo and has a population of just over 13,000.  The City of Amarillo said many of their lenders left after they enacted the ordinance and this apparently prompted Canyon to follow suit.  Per the Texas Office of Consumer Credit Commissioner (“OCCC”), Canyon only has one active Credit Access Business “CAB”) license.  That CAB is “Texas Car Title & Payday Loan.”  With only (1) CAB for 13,000 people it can hardly be said that the market is saturated, in most markets there is about (1) CAB for every 5,000 in population.
  • There are roughly (40) cities in Texas with either a City Ordinance or zoning restrictions regarding the “Payday Loan” businesses. Here is a link to the Texas Municipal League’s website regarding “City Regulation of Payday and Auto Title Lenders.”

Link to article:

This blog post was written by Michael Brown, President of CAB Consulting and the Texas Organization of Financial Service Centers.  He can be reached at 214-293-8676, or

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