The mission of the Finance Commission of Texas is to ensure that the banks, savings institutions, consumer credit grantors, and other regulated entities chartered or licensed under state law operate as sound and responsible institutions that enhance the financial well-being of the citizens of Texas.
The Commission is responsible for overseeing and coordinating the activities of the Texas Department of Banking (TXDOB), the Department of Savings and Mortgage Lending (SML), and the Office of Consumer Credit Commissioner (OCCC). The Commission aims to ensure Texas’ financial service providers operate in a safe and sound manner, industries function as a coordinated system considering the broad scope of the financial services arena under its jurisdiction, and consumers that seek services from licensed financial service providers are protected from unfair or damaging practices.
The Commission was established in 1943 and derives its authority from Chapter 11 of the Texas Finance Code. The Commission consists of eleven members who are private citizens appointed by the Governor of Texas, subject to Senate confirmation.
Friday, October 16, 2015
Finance Commission Building
William F. Aldridge Hearing Room
2601 North Lamar Boulevard
December 18, 2015