Texas House Bill HB2239

Texas 2015 - 84th Regular

Caption

Relating to prohibiting certain unsolicited mail by credit access businesses; providing a civil penalty.

Impact

If enacted, HB2239 will amend Chapter 393 of the Finance Code by adding Section 393.629. It introduces civil penalties for violations, allowing state authorities, including the attorney general, to impose fines not exceeding $100 for each instance of non-compliance. This new rule would serve as a deterrent against misleading promotional tactics used by credit access businesses, thereby enhancing consumer confidence and protection in financial transactions.

Summary

House Bill 2239 is an act aimed at regulating the practices of credit access businesses, particularly concerning unsolicited mail. The bill prohibits these businesses from sending unsolicited direct mail that mimics the appearance of checks or other negotiable instruments. This regulation is designed to protect consumers from deceptive marketing practices that might lead them to believe they are receiving genuine financial instruments when, in fact, they are not.

Contention

The legislative discussions surrounding HB2239 may highlight varying perspectives on the need for such regulations. Supporters argue that the bill is a necessary step towards safeguarding consumers against the potential exploitation by credit access businesses, which can engage in aggressive or misleading marketing strategies. Conversely, opponents may raise concerns about the implications of regulatory measures, questioning whether they might impose unnecessary burdens on businesses and limit their marketing strategies.