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Sep 28, 2017 - 34 minute read

Personal loan if company is not listed

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Personal loan if company is not listed

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Personal loan if company is not listed

After Tillman wrote to the consumer credit commissioner in August to complain about his situation, the agency investigated. In a September letter to Marpast, the agency instructed the company to advise the DAs office to cease personal loan if company is not listed activities on all checks forwarded by Marpast.

This should keep Tillman and other borrowers out of jail. While the commission ordered Marpast to stop, its policing in general is spotty. Since the Texas Legislature assigned the agency the duty of overseeing payday and title loans in 2011, its been stretched thin. The consumer credit commission has 30 field examiners to cover 15,000 businesses, including 3,500 payday and title lenders. Although Id love to take a bunch of folks and go at that one issue, said Aguilar, the director of consumer protection, I dont have that luxury at the moment.

Aguilar said his team finds violators when consumers complain or when the agencys examiners visit one of the stores for an inspection. Only two customers, including Tillman, have ever complained to the commission.

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