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Bill

SB 230

Relating to limitations on the information contained on a consumer report furnished by a consumer reporting agency.

89th Legislature (2025) Introduced by Royce West

SB 230 restricts consumer reporting agencies from including certain information on credit reports, limiting what financial data creditors and employers can access about individuals.

Referred to Business & Commerce
#business&commerce--general(i0050) #consumerreportingagencies(s0120) #consumerprotection(i0080) #financial--general(i0365) #propertyinterests--landlord&tenant(i0610)
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Bill Summary · SB 230

Legislative bill overview

SB 230 would limit the information that consumer reporting agencies (credit bureaus) can include on consumer reports furnished to third parties. The bill restricts what data points these agencies can collect, maintain, and share about individuals' financial and credit histories. This represents a significant consumer privacy protection measure targeting the scope of personal financial data available to creditors, employers, landlords, and other entities.

Why is this important

Consumer reports significantly impact individuals' access to credit, housing, employment, and insurance. Currently, credit bureaus compile extensive personal financial data with minimal restrictions on what they report. Limiting reportable information could reduce discriminatory practices, identity theft risks, and the use of outdated or marginally relevant financial data in decision-making, though it may also increase lending costs or reduce credit availability if lenders have less information.

Potential points of contention

  • Business opposition: Consumer reporting agencies and creditors argue restrictions limit their ability to assess creditworthiness accurately, potentially raising borrowing costs or reducing credit access for consumers
  • Privacy vs. accuracy trade-offs: Limiting data collection may reduce privacy invasions but could also make legitimate fraud detection or risk assessment more difficult
  • Implementation complexity: Defining which specific information categories are restricted and how existing data systems comply would require detailed regulatory guidance and industry adjustment

Compiled from official sources — confirm details with the bill’s official record.

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