Bill > H1129

This bill establishes a special task force to review and report on the financial impact of Financial Technology (FinTech) operations and current bank charter regulations in Massachusetts. The task force will consist of 9 members, including legislators, representatives from the banking industry and the Massachusetts Technology Collaborative, and a state labor and workforce development employee. The task force will identify relevant state laws and regulations, key banking developments that could benefit Massachusetts citizens, require the Division of Banks to submit reports, and develop recommendations to better integrate FinTech in the state. The task force is required to submit a report, including any proposed legislation and regulations, to the state legislature within 12 months of the bill's passage.

Business and Industry

https://malegislature.gov/Bills/192/H1129