TEXAS CREDIT CARD REGULATION LAWYER
Alan Abergel is an attorney licensed by both the State Bar of Texas and the State Bar of California.
The Texas Legislature has enacted a comprehensive series of statutes commonly known as the “Texas Credit Title.” Basically, these statutes govern interest, including consumer credit protections related to interest, consumer loans, home loans, retail installment sales, revolving credit accounts, manufactured home credit transactions, motor vehicle installment sales, tax refund anticipation loans, and commercial motor vehicle installment sales.
Congress enacted the federal Truth in Lending Act (TILA) in 1968 as part of the Consumer Credit Protection Act. The purpose of the TILA, and the federal regulations promulgated under TILA, commonly referred to as “Regulation Z,” is to assure meaningful disclosure of credit terms so consumers can compare the credit terms available and avoid the uninformed use of credit, and to protect consumers against inaccurate and unfair credit billing and credit card practices. Moreover, the Texas Legislature has enacted statutes governing retail installment sales, and revolving credit accounts. These statutes also impose disclosure requirements. The Texas Legislature has also enacted legislation governing credit card marketing activities at postsecondary educational institutions in Texas, and providing civil penalties for violations that are enforceable by the Texas Attorney General. Texas also imposes criminal sanctions for abuse of credit cards, including penalties for the fraudulent use of a credit card and related offenses.
WE PROVIDE THE FOLLOWING LEGAL SERVICES TO TEXAS CREDIT CARD ISSUERS:
- Drafting of credit card agreements, disclosures, and legal documents for credit card issuers in compliance with Texas and federal consumer credit laws and regulations.
- Representation in investigations, administrative procedures, inspections, and audits by CFPB, and Texas government agencies.
- OCCC Regulated Lender licensing and enforcement actions’ defense.
- We do not represent consumers. We only represent the credit card issuers and lenders.