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The Finance Commission and the Credit Union Commission prepared a joint report, or study, that was submitted to the Texas Legislature in December of 2006 regarding state laws “related to financial institutions” that are or may be federally preempted. Active industry and consumer participation in the Preemption Study was considered an essential component to ensure that useful information was provided to the Legislature. Non-Real Estate Consumer Lending Study April 2005 The ...
after his office charged the company with attempting to mislead former members into paying past due memberships that they do not owe. The charge came down Tuesday after the office of Texas Attorney General Greg Abbott sent out a press release about the lawsuit. Bally, which is based in Chicago but also has a mailing address in Norwalk, CA, allegedly mailed more than 11,000 �past due� notices to former members, according to the attorney general, whose office investigated Bally between the summer of 2009 and March 2010. �While we review the terms of the lawsuit, we are working with the ... Read More
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