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Banking, Insurance and Credit

The Banking, Insurance and Credit Task Force covers all issues related to banking and credit including access to credit for individuals and small businesses, credit reports, financial literacy and banking regulation, and payday and small-dollar loans. Finally, it covers all issues related to non-health insirance and consumer protection.

Task Force Leadership 2022-2023

Senator Luz Escamilla (UT)

Chair

Sen. Gretchen Hau (PR)

Vice-Chair

Special 2020-21 Priorities of the Banking, Affordable Housing and Credit Task Force:

Credit rating methodology
Latino access to capital: Discriminatory lending, Latino entrepreneurship
Rent control and other affordable renting policies
Undocumented/short credit history alternatives
Particularly how to help people with short credit histories and undocumented immigrants access the benefits of large financial institutions, protecting from predatory lending
Protection of employee from discharge on wage garnishment cases
Follow-up on CFPB Resolution

Recent Resolutions

2019-07

Encouraging Electronic Payments for the Unbanked

2018-05

Enacting Definitions for Safe and Affordable Lending Products and Services

2017-19

Regarding Free Online Tax Preparation and Electronic Filing

2017-08

Promoting Job Security Under the Consumer Credit Protection Act

2017-03

Preservation of the Consumer Financial Protection Bureau (CFPB) Under the Dodd Frank Wall Street Reform Act as a Means of Financial Security for the Hispanic Community

2015-08

Support the Under-Banked with Bridge Financing Options

2013-10

Promoting Safe and Affordable Lending Practices

2013-07

Encouraging Government Use of Prepaid Cards

2012-06

Resolution on Financial Literacy and Empowerment

2012-01

Resolution on Banking Fees, Foreclosures and Access to Capital