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Bill

HB 5433

Relating to limitations on the information reported by consumer reporting agencies.

89th Legislature (2025) Introduced by Mihaela Pleșa

HB 5433 restricts consumer reporting agencies from collecting and reporting certain negative financial information, potentially improving credit access for consumers with past financial difficulties.

Referred to Trade, Workforce & Economic Development
#business&commerce--general(i0050) #consumerreportingagencies(s0120) #criminalprocedure--general(i0208) #financial--general(i0365)
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Bill Summary · HB 5433

Legislative bill overview

HB 5433 would restrict the types of information that consumer reporting agencies (credit bureaus) can collect, maintain, and report about consumers. The bill limits what negative financial information appears on credit reports and for how long. This represents a significant regulatory change to the consumer credit reporting industry in Texas.

Why is this important

Credit reports directly affect consumers' ability to obtain loans, housing, employment, and insurance—making them crucial to financial access. Limiting what information appears on reports could improve credit access for people with past financial difficulties, but could also change how lenders assess risk. The changes could have widespread effects on credit availability, interest rates, and lending practices across Texas and potentially beyond.

Potential points of contention

  • Lender concerns: Banks and credit card companies may argue that restricted reporting information prevents them from accurately assessing borrower risk, potentially leading to higher interest rates or stricter lending standards for all consumers
  • Scope of limitations: Disagreement over which specific information should be restricted (late payments, collections, bankruptcies, etc.) and reporting timeframes, balancing consumer relief against creditor protection
  • Interstate commerce issues: Texas-only restrictions may conflict with federal credit reporting laws and create compliance complexity for national lenders and bureaus operating across state lines

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

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