Ethics Explorer A Guide to the Financial Interests of Elected Officials

Rep. Gary W. Elkins District 135 (R-Houston)

Industry
Business Executive, Finance
Education
B.S., Southwestern Assemblies of God University.
Spouse
Julie Ann Brown
Committees
  • Technology, Economic Development & Workforce (Chair)
  • Urban Affairs
Financial Statements

Sources of Income

  • Elkins is the vice president and director of Corporate Managing Systems Inc., also known as Power Finance, a finance management company in Houston.

  • Elkins is a payday lender; he told House colleagues in 2011 that he operated payday lending operations at 12 different locations.

  • Elkins reports ownership in several finance companies, including Corporate Managing Systems Inc., The Money Factor Corp., GE&CE LLC, Texas Federal Housing LTD and TFHGP LLC; he also reported an interest in Personal Credit Corp., International Resource Management Consulting LLC, Commerce Freedom Investments LTD and FCIGP Management LLC.

Property

  • Residence in Jersey Village valued at $264,000

  • Condo in Austin valued at $175,000

Analysis

  • As reported by the Houston Chronicle, in 2011, Elkins acknowledged on the House floor that his own business would suffer if the Legislature cracked down on payday lenders. Elkins urged lawmakers to treat his knowledge of the industry as an asset and to limit burdensome regulations so "little guys like me can comply with these laws." But the Legislature passed the state's first-ever licensing and reporting requirements, HB 2594, and tougher requirements for disclosures to customers.

  • He has filed numerous bills over the years that would have an effect on the financial services sector.