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Texas House Committee Action on Prize-Linked Savings Accounts
Monday, April 10, 2017 6:45 AM

HJR 37 and HB 471, bills by Rep. Eric Johnson (D-Dallas), which allow credit unions and other financial institutions to offer members chances to receive prizes for adding to their savings accounts have been reported favorably from the House Investments and Financial Services Committee.

The Texas Credit Union Association supported both bills, testifying at the committee hearing on March 21 and working with the author on amendments to the bill.

For more information, please contact Texas Credit Union Association President Jeff Huffman at 469-385-6488 or jhuffman@txcua.coop.