Store Leader - Bench (Manager) Houston, TX job in Houston - Petco
Petco is currently looking for Store Leader - Bench (Manager) Houston, TX near Houston. Makes merchandising decisions with consideration of visual standards, special ad set-up and Meet and/or exceed sales goals and coach store partners on selling techniques . Bilingual Store ManagerTitleMaxSpring, TX. Financial Services local firms in Houston, TX, United States. Fastest Payday Loans of Houston Texas offers financial solutions to meet a variety of needs. .. The Houston Murphy Rd TitleMax store has been providing residents of the Houston area with title loans since February 36 E Crosstimbers St, Houston, TX than $40, annually, struggle to make ends meet, and seek the loans for consumption-smoothing 36 Robert DeYoung and Ronnie J. Phillips, “Payday Loan Houston with people who had used small-dollar loans, including loan from TitleMax of Missouri for $ with a finance charge.
You may submit comments, identified by Docket No. Follow the instructions for submitting comments. All submissions should include the agency name and docket number or Regulatory Information Number RIN for this rulemaking. Because paper mail in the Washington, DC area and at the Bureau is subject to delay, commenters are encouraged to submit comments electronically.
In general, all comments received will be posted without change to http: In addition, comments will be available for public inspection and copying at First Street NE. You can make an appointment to inspect the documents by telephoning All comments, including attachments and other supporting materials, will become part of the public record and subject to public disclosure. Sensitive personal information, such as account numbers or Social Security numbers, should not be included.
Comments will not be edited to remove any identifying or contact information. Brown, Mark Morelli, Michael G. Stack, Senior Counsels, Office of Regulations, at Covered loans are typically used by consumers who are living paycheck to paycheck, have little to no access to other credit products, and seek funds to meet recurring or one-time expenses.
The Bureau has conducted extensive research on these products, in addition to several years of outreach and review of the available literature. The Bureau is proposing to issue regulations primarily pursuant to authority under section of the Dodd-Frank Wall Street Reform and Consumer Protection Act Dodd- Frank Act to identify and prevent unfair, deceptive, and abusive acts and practices. The Bureau believes that there may be a high likelihood of consumer harm in connection with these covered loans because many consumers struggle to repay their loans.
In particular, many consumers who take out covered loans appear to lack the ability to repay them and face one of three options when an unaffordable loan payment is due: Many lenders may seek to obtain repayment of covered loans directly from consumers' accounts.
The Bureau is concerned that consumers may be subject to multiple fees and other harms when lenders make repeated unsuccessful attempts to withdraw funds from consumers' accounts. Scope of the Proposed Rule The Bureau's proposal would apply to two types of covered loans. First, it would apply to short-term loans that have terms of 45 days or less, including typical day and day payday loans, as well as short-term vehicle title loans that are usually made for day terms.
Included among covered longer-term loans is a subcategory loans with a balloon payment, which require the consumer to pay all of the principal in a single payment or make at least one payment that is more than twice as large as any other payment.
The Bureau is proposing to exclude several types of consumer credit from the scope of the proposal, including: Proposed Ability-to-Repay Requirements and Alternative Requirements for Covered Short-Term Loans The proposed rule would identify it as an abusive and unfair practice for a lender to make a covered short-term loan without reasonably determining that the consumer will have the ability Page to repay the loan.
A lender, before making a covered short-term loan, would have to make a reasonable determination that the consumer would be able to make the payments on the loan and be able to meet the consumer's other major financial obligations and basic living expenses without needing to reborrow over the ensuing 30 days. Specifically, a lender would have to: The Bureau is not herein finding that such elements have been satisfied and identifying unfair and abusive practices.
A lender would also have to make, under certain circumstances, additional assumptions or presumptions when evaluating a consumer's ability to repay a covered short-term loan. The proposal would specify certain assumptions for determining the consumer's ability to repay a line of credit that is a covered short-term loan. In addition, if a consumer seeks a covered short-term loan within 30 days of a covered short-term loan or a covered longer-term loan with a balloon payment, a lender generally would be required to presume that the consumer is not able to afford the new loan.
A lender would be able to overcome the presumption of unaffordability for a new covered short-term loan only if it could document a sufficient improvement in the consumer's financial capacity. Furthermore, a lender would be prohibited from making a covered short-term loan to a consumer who has already taken out three covered short-term loans within 30 days of each other.
A lender would also be allowed to make a covered short-term loan, without making an ability-to-repay determination, so long as the loan satisfies certain prescribed terms and the lender confirms that the consumer met specified borrowing history conditions and provides required disclosures to the consumer.
In addition, a lender would not be allowed to make a covered short-term loan under the alternative requirements if it would result in the consumer having more than six covered short-term loans during a consecutive month period or being in debt for more than 90 days on covered short-term loans during a consecutive month period.
A lender would not be permitted to take vehicle security in connection with these loans. Proposed Ability-to-Repay Requirements and Alternative Requirements for Covered Longer-Term Loans The proposed rule would identify it as an abusive and unfair practice for a lender to make a covered longer-term loan without reasonably determining that the consumer will have the ability to repay the loan.
The proposed rule would prescribe requirements to prevent the practice. A lender, before making a covered longer-term loan, would have to make a reasonable determination that the consumer has the ability to make all required payments as scheduled. The proposed ability-to-repay requirements for covered longer-term loans closely track the proposed requirements for covered short-term loans with an added requirement that the lender, in assessing the consumer's ability to repay a longer term loan, reasonably account for the possibility of volatility in the consumer's income, obligations, or basic living expenses during the term of the loan.
A lender would also have to make, under certain circumstances, additional assumptions or presumptions when evaluating a consumer's ability to repay a covered longer-term loan. The proposal would specify certain assumptions for determining the consumer's ability to repay a line of credit that is a covered longer-term loan. In addition, if a consumer seeks a covered longer-term loan within 30 days of a covered short-term loan or a covered longer-term balloon-payment loan, the lender would, under certain circumstances, be required to presume that the consumer is not able to afford a new loan.
A presumption of unaffordability also generally would apply if the consumer has shown or expressed difficulty in repaying other outstanding covered or non- covered loans made by the same lender or its affiliate.
A lender would be able to overcome the presumption of unaffordability for a new covered longer-term loan only if it could document a sufficient improvement in the consumer's financial capacity.
A lender would also be permitted to make a covered longer-term loan without having to satisfy the ability-to-repay requirements by making loans under a conditional exemption modeled on the National Credit Union Administration's NCUA Payday Alternative Loan PAL program.
A lender would also be permitted to make a covered longer-term loan, without having to satisfy the ability-to-repay requirements, so long as the covered longer-term loan meets certain structural conditions.
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Among other conditions, a covered longer-term loan under this exemption would be required to have fully amortizing payments and a term of at least 46 days but not longer than 24 months. The projected annual default rate on all loans made pursuant to this conditional exemption must not exceed 5 percent. The lender would have to refund all of the origination fees paid by all borrowers in Page any year in which the annual default rate of 5 percent is exceeded.
Proposed Payments Practices Rules The proposed rule would identify it as an abusive and unfair practice for a lender to attempt to withdraw payment from a consumer's account in connection with a covered loan after the lender's second consecutive attempt to withdraw payment from the account has failed due to a lack of sufficient funds, unless the lender obtains from the consumer a new and specific authorization to make further withdrawals from the account.
This prohibition on further withdrawal attempts would apply whether the two failed attempts are initiated through a single payment channel or different channels, such as the automated clearinghouse system and the check network. The proposed rule would require that lenders provide notice to consumers when the prohibition has been triggered and follow certain procedures in obtaining new authorizations.
In addition to the requirements related to the prohibition on further payment withdrawal attempts, a lender would be required to provide a written notice at least three business days before each attempt to withdraw payment for a covered loan from a consumer's checking, savings, or prepaid account. The notice would contain key information about the upcoming payment attempt, and, if applicable, alert the consumer to unusual payment attempts.
A lender would be permitted to provide electronic notices so long as the consumer consents to electronic communications. Additional Requirements The Bureau is proposing to require lenders to furnish to registered information systems basic information for most covered loans at origination, any updates to that information over the life of the loan, and certain information when the loan ceases to be outstanding.
The registered information systems would have to meet certain eligibility criteria prescribed in the proposed rule. The Bureau is proposing a sequential process that it believes would ensure that information systems would be registered and lenders ready to furnish at the time the furnishing obligation in the proposed rule would take effect.
For most covered loans, registered information systems would provide a reasonably comprehensive record of a consumer's recent and current borrowing. Before making most covered loans, a lender would be required to obtain and review a consumer report from a registered information system. A lender would be required to establish and follow a compliance program and retain certain records. A lender would be required to develop and follow written policies and procedures that are reasonably designed to ensure compliance with the requirements in this proposal.
Furthermore, a lender would be required to retain the loan agreement and documentation obtained for a covered loan, and electronic records in tabular format regarding origination calculations and determinations for a covered loan, for a consumer who qualifies for an exception to or overcomes a presumption of unaffordability for a covered loan, and regarding loan type and terms. The proposed rule also would include an anti-evasion clause. Effective Date The Bureau is proposing that, in general, the final rule would become effective 15 months after publication of the final rule in the Federal Register.
The Bureau is proposing that certain provisions necessary to implement the consumer reporting components of the proposal would become effective 60 days after publication of the final rule in the Federal Register to facilitate an orderly implementation process.
Background Introduction For most consumers, credit provides a means of purchasing goods or services and spreading the cost of repayment over time. This is true of the three largest consumer credit markets: Home Equity Loans Report, at 16 fig. Home Equity Lines Report, at 21 fig. These shortfalls can arise from mismatched timing between income and expenses, misaligned cash flows, income volatility, unexpected expenses or income shocks, or expenses that simply exceed income.
Innovation, A Complex Portrait: The Bureau generally considers these markets to be outside the scope of this rulemaking as discussed further below.
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The Bureau is also separately engaged in research and evaluation of potential rulemaking actions on deposit account overdraft. This feature distinguishes pawn loans from most other types of liquidity loans. The Bureau is proposing to exclude non-recourse possessory pawn loans, as described in proposed Sec.
The Bureau is engaged in a separate rulemaking concerning credit offered in connection with prepaid accounts and has proposed to treat such products generally as credit cards. See 79 FR Dec. The Bureau has issued a Notice and Request for Information on the Impacts of Overdraft Programs on Consumers and has indicated that it is preparing for a separate rulemaking that will address possible consumer protection concerns from overdraft services.
See 77 FR Feb. Bureau of Consumer Fin.
Checking Account Overdraft, available at http: The Federal Reserve Board adopted a set of regulations of overdraft services and the Bureau has published two overdraft research reports on overdraft.
The three largest pawn firms, Cash America, EZCorp, and First Cash Financial Services, accounted for about one-third of total industry revenue but only 13 percent of the over 11, storefronts, that are operated by over 5, firms. The resulting company, FirstCash will operate in 26 States. Revenue calculations for each firm were made by taking the percentage of total revenue associated with pawn lending activity. For more about pawn lending in general, see John P.
Cash- Checking Outlets, Pawnshops, and the Poor, at ch. Short-term loans and certain higher-cost longer-term loans. The second general category consists of certain higher-cost longer-term loans.
In addition, the latter category includes higher cost, longer-term loans in which the principal is not amortized but is scheduled to be paid off in a large lump sum payment after a series of smaller, often interest-only, payments.
Some of these loans are available at storefront locations, others are available on the internet, and some loans are available through multiple delivery channels. This rulemaking is not limited to closed-end loans but includes open-end lines of credit as well. The Bureau may do so in a subsequent rulemaking or in another context. During this time the Bureau has conducted supervisory examinations of a number of payday lenders and enforcement investigations of a number of different types of liquidity lenders, which have given the Bureau insights into the business models and practices of such lenders.
Through these processes, and through market monitoring activities, the Bureau also has obtained extensive loan-level data that the Bureau has studied to better understand risks to consumers. In addition, over the course of the past four years the Bureau has engaged in extensive outreach with a variety of stakeholders in both formal and informal settings, including several Bureau field hearings across the country specifically focused on the subject of small-dollar lending, meetings with the Bureau's standing advisory groups, meetings with State and Federal regulators, meetings with consumer advocates, religious groups, and industry trade associations, consultations with Indian tribes, and through a Small Business Review Panel process as described further below.
In publicly discussing information, the Bureau has taken steps not to disclose confidential information inappropriately and to otherwise comply with applicable law and its own rules regarding disclosure of records and information. See 12 CFR Payday Lending, available at http: It then goes on to describe recent State and Federal regulatory activity in connection with these product markets. Market Concerns--Short-Term Loans and Market Concerns--Longer-Term Loans below, provide a more detailed description of consumer experiences with short-term loans and certain higher-cost longer-term loans, describing research about which consumers use the products, why they Page use the products, and the outcomes they experience as a result of the product structures and industry practices.
These companies charged fees that, if calculated as an annualized interest rate, were as high as percent.
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That law provided for lender licensing and permitted interest rates of between 2 and 4 percent per month, or 24 to 48 percent per year. Consumers were using credit cards more frequently for short-term liquidity lending needs, a trend that continues today.
C that had provided small loans changed their focus to larger, collateralized products, including vehicle financing and real estate secured loans. At the same time there was substantial consolidation in the storefront installment lending industry. Depository institutions similarly moved away from short-term small- dollar loans. Consumer Credit Code, Colo. Dep't of Law, Administrative Interpretation No. Manning, Credit Card Nation: Ensures all partners provide quality service to satisfy the needs of Petco guests.
Demonstrates a high level of interest in the welfare, health, and proper handling of all animals. Ensures merchandise is properly priced, displayed and stocked according to inventory levels appropriate for the store. Completes and submits accounting, inventory management and payroll paperwork in a timely manner. Ensures all expenses are maintained within budgeted levels. Maintains the store's appearance adheres to Petco operational standards and safety procedures.
This job is composed of a variety of tasks, that are covered by general operating procedures but also requires extensive individual judgment to ensure successful operation of the store.
Regularly exercises discretion and independent judgment. Responsibilities will vary depending on the store size and location, the number of specialty departments, the sales volume, number of partners and the leadership structure. The Store Leader is responsible to ensure the store achieves the Petco established goals and metrics. Key Accountabilities The incumbent must be able to consistently perform all the following duties and responsibilities with or without a reasonable accommodation.
Leadership Interacts professionally and effectively through verbal and written communication with all professional contacts with emphasis on company interests.
Hires, trains, develops, manages and motivates a team to drive sales through effective leadership and merchandising techniques as well as quality guest service.
Accurately forecast and prepare for staffing and turnover needs in alignment with business demands. Regularly direct all store partners on subjects including hiring, training and development, assignment delegation, scheduling and follow through, feedback and coaching, performance reviews and disciplinary action including separation when necessary.
Monitors partner promoter survey results and ensures department level leaders develop action plans.
Store Leader - Bench (Manager) Houston, TX job
Independently prioritizes and accomplishes multiple leadership tasks within established timeframes by effectively planning and managing workload, delegating work and supervising, monitoring and directing department level leaders and other partners. Exercises sound business and personnel leadership skills. Make effective recommendations with respect to partner separations and corrective action. The Store Leader will be expected to hear and resolve complaints including partner concerns such as those regarding scheduling, co-worker disputes or disagreements, store merchandise or facilities issues, problems with guests and non-routine guest complaints, including complaints about partners.
Facilitates appropriate partnership with Regional support to fully resolve matters involving harassment, discrimination, retaliation, theft or animal abuse. Demonstrates and provides feedback and coaching on nutrition, Pals Rewards membership sign-up, Welcome to the Family and effective suggestive selling techniques for partners to increase sales.
Collaborates with store Partners to ensure an exceptional guest experience for all Omni-channel initiatives, to include but not limited to Instacart, Extended Aisle and Repeat Delivery. Completes and submits all accounting, inventory management and payroll reports accurately and on time. Conducts a reconciliation of daily grooming reports. Inventory Control and Management Make decisions regarding damaged or discontinued merchandise.
This includes evaluating products to be returned to vendors for repair, refund or replacement and determining disposition of products that cannot be returned. Coordinates and ensures completion of weekly screen corrections and zero counts. Coordinates all periodic physical inventory counts.
Manages and controls ongoing Shrink concerns and ensures that all store leadership and partners understand their roles and responsibilities in reducing shrink.
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Adheres to loss prevention policies. Ensure the health and well-being of live animals by providing the correct care in accordance with the established Petco standards, policies and procedures including the completion of the hourly animal health check and wellness cards.
Manages the appropriate stock levels of live animals and ensure a clean, healthy and safe environment for all animals and partners. Adheres to Veterinary Protocol for all sick animals. Performs cash counting, supervision of cashiers and cash register service to maximize guest experience and minimize loss of assets. Ensures that sufficient precautionary steps are taken to reduce exposure to refund fraud - including working and reviewing regularly the DLPR and Daily Cashier's Reports.
Maintains accountability for store credit card. It also includes opening and closing the safe and assessing high-level security information. Ensures that all security mechanisms, procedures, and systems are in intended working order at all times.