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2 Document(s) [ Subject: Credit reports ]

Committee: House Investments and Financial Services
Title: Interim Report
Subjects: Banks and banking | Consumer credit and debt | Credit reports | Credit scoring | Electronic security | Emergency management | Home equity loans | Hurricane Harvey | Mortgage brokers | Mortgages | Natural disasters |
Library Call Number: L1836.85 In9
Session: 85th R.S. (2017)
Online version: View report [42 pages]
Charges: This report should address the charges below.
1. Review the impact of Hurricane Harvey on financial institutions in Texas and evaluate the response of the state's oversight agencies. Study how Harvey impacted consumers and lenders in the mortgage and home equity markets. Identify opportunities to improve the operational stability of financial institutions and to improve the state's responsiveness following a natural disaster.
2. Study the impact and risks that a large-scale security breach of a credit bureau has on Texans. Identify opportunities to protect Texas consumers and to mitigate the impact of such a breach.
3. Examine mortgage licensure requirements in Texas and identify opportunities to update statute to fit modern mortgage options.
4. Study policy challenges in the area of financial technology. Evaluate the concept of a "sandbox" as a regulatory approach for enabling innovation and the feasibility of implementing such in Texas. If appropriate, make recommendations for possible legislative action to foster innovation in the finance industry.
5. Monitor the agencies and programs under the Committee’s jurisdiction and oversee the implementation of relevant legislation passed by the 85th Legislature.
Supporting documents
Committee: House Investments and Financial Services
Title: Committee meeting handouts and testimony, April 24, 2018 (cryptocurrency and blockchain, credit bureau security breach, sandbox regulation)
Library Call Number:
Session: 85th R.S. (2017)
Online version: View document [99 pages  File size: 4,693 kb]

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