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WV SB337

WV SB337
Division of Financial Institutions rule relating to installation, operation, and sharing of customer bank communication terminals and utilization of nonexclusive access interchange system


summary

Introduced
01/15/2026
In Committee
01/15/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

The purpose of this bill is to authorize the Division of Financial Institutions to promulgate a legislative rule relating to the installation, operation, and sharing of customer bank communication terminals and the utilization of nonexclusive access interchange system.

AI Summary

This bill authorizes the Division of Financial Institutions to create a formal rule, identified as 106 CSR 07, that will govern how customer bank communication terminals, such as ATMs, are installed, operated, and shared among banks, and how a nonexclusive access interchange system, which allows different bank networks to connect and process transactions, can be used. This legislative action provides the legal framework for these financial technology operations within West Virginia.

Committee Categories

Justice

Sponsors (1)

Last Action

To Judiciary (on 01/15/2026)

bill text


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