Texas Payday Loan Businesses- CAB Help Is Available!

Texas Payday Loan Businesses- CAB Help Is Available!

by The CAB Man Texas on September 2, 2011

CAB Consulting and Brokerage is positioned to become the go to source of information and expertise for Texas CSO’s to transition to the new CAB, or Credit Access Business, model. CAB Consulting and Brokerage is reaching out to small and midsize payday loan operators to implement a transition plan so by January 1, 2012 their businesses are compliant and licensed. In addition, CAB Consulting is focused on creating an industry association for its clients to become a powerful voice in local, state, and federal arenas where payday loan ordinances and regulations are considered.

Why? Small and midsize payday loan operators must band together to become a faction strong enough to voice their specific needs, which are different than that of the larger companies who have extensive budgets for attorneys and lobbyists.

CAB Consulting and Brokerage knows all the details required by the Texas legislature to ensure compliance of CABs. A new CAB license will require a new application and thorough checks into your company in order to continue business. More detailed information than required on the CSO application is required to become a CAB and approval must be obtained in order for current businesses to operate legally after January 1, 2012. In addition, CABs must file quarterly reports, so by April 2012 all transactions will be under review by the state. CAB Consulting will organize and file the necessary paperwork prior to January 1, 2012, and will ensure that quarterly reports are filed completely and on time for its clients.

CAB Consulting and Brokerage principal, Michael Brown, has been in the payday loan industry since 2003. He has recently met with rule makers and legislators in Austin, and has partnerships with key players and attorneys to support your business transition.

Don’t get bogged down by the details. Contact CAB Consulting and Brokerage at 214-293-8676, or via email at cabconbrokerage@gmail.com and let them handle all the details so you can continue to do business in Texas.

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