Today invitations to the 5th Annual TOFSC Conference are being sent out to Members, Sponsors, and Vendors, requesting their attendance starting at 10am on Wednesday 9/14.

We have chosen the Hyatt Regency Lost Pines for the venue this year, which is situated 20 minutes east of the Austin Bergstrom Airport near an 1,100 acre nature park called McKinney Roughs.

It is going to be a great setting and as always a great occasion for us to build relationships and do some learning.  Members are already sending in their attendance forms.  See below for links to the forms:

For Members: TOFSC.Conference.Invite.2016.Members

For Vendors / Sponsors: TOFSC Conference Invite 2016- Vendors

If you have any questions call or email Michael Brown, President of TOFSC, at 214-293-8676, or email him at:


Each month the CFPB releases a complaint report that shows complaint volume by product.  The September, October, and November 2015 reports show that “payday loan” complaints were down by double digits when compared to the same period in 2014:

-12% over the same 3-month period of June-July-August 2014.

(September 2015 report:

-24% over the same 3-month period of July-August-September 2014.

(October 2015 report:

-20% over the same 3-month period of August-September-October 2014.


New CAB rules on the way – so how are we not regulated?

November 20, 2015

Adversarial media and consumer advocate groups like Texas Appleseed like to continually throw legislators and regulators under the bus for “turning their backs on Texas consumers” by not regulating payday, installment, and auto title lenders.  So, first of all let me come to their defense by saying I have worked with many of the good […]

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New Rules for Texas Credit Access Businesses

October 23, 2015

The 2015 Texas legislative session passed a “Clean Up Bill”, which authorized the OCCC to review, repeal, and replace rules regulating CAB’s.  Those new changes were proposed in September for pre- comment and voted for approval by the Texas Finance Commission Board to be published in the Texas Register on October 16, 2015 (last Friday) at […]

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Budget Cuts Could Cause Delay In Tax Refunds

December 19, 2014

A friend forwarded me an article today from the Associated Press. The article was titled “IRS head says budget cuts could delay tax refunds.” This could have a number of trickle-down effects on taxpayers expecting a their tax refund sooner than later. As well, many companies who serve those people can also be negatively impacted. […]

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Kennesaw State Study on Payday Industry

December 11, 2014

This week a study on the payday industry was released by Professor Jennifer L. Priestley at Kennesaw State University. This is exactly what we need more of – a close look at large amounts of actual data and statistics on use of payday loans and their array of impacts on consumers. Opponents of the payday […]

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Texas Legislative Session Starts January 13, 2015

December 8, 2014

The 84th Texas Legislative Session gets underway in just over a month.  Session starts on Tuesday January 13th, 2015.  So far from what I can tell there have been (3) bills filed having to due with payday loans, installment loans, and/or auto title loans. The Texas Legislature meets in a regular session every two years, […]

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2014 TOFSC Conference Invites have been sent!

August 18, 2014

The 2014 TOFSC Conference invites were sent out today.  Looking forward to hearing from Members, Vendors, other other invitees on attendance. Attendance forms were sent out on email, see below for that form if you did not receive one.  Send completed forms to Michael Brown via email or fax. or 888-561-0986. The conference will […]

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Invitation to the OCCC Webinar on June 26th

June 17, 2014

The OCCC sent out an invitation to Credit Access Business stakeholders today to a Webinar titled “What is a Credit Access Business?”  CAB Consulting has registered for the webinar and we look forward to attending on June 26th at 2pm CST. Here are some of the topics that will be covered: – Review of Licensing […]

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CFSA and Advance America file suit to end Operation Choke Point

June 6, 2014

Today in the news it came out that CFSA and Advance America filed suit to end Operation Choke Point.  Many CAB clients have endured a direct hit and have lost their deposit accounts with banks such as Wells Fargo. The bad news that the depository account was being closed usually came in a very bland […]

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