summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation create a maximum allowable check-cashing rate. Consumer Protection and Professional Licensure.
AI Summary
This bill aims to create a maximum allowable check-cashing rate in Massachusetts. It proposes capping the fees that check-cashing businesses can charge for cashing various types of checks, such as government checks, payroll checks, and personal checks. The bill also limits the initial account setup fee that these businesses can charge. Additionally, it increases the maximum fine for violations of the state's check-cashing regulations from $500 to $1,000.
Committee Categories
Labor and Employment
Sponsors (8)
Daniel Cullinane (D),
Eileen Donoghue (D),
Linda Forry (D),
Russell Holmes (D),
Dan Hunt (D),
Elizabeth Malia (D),
Denise Provost (D),
Danny Ryan (D),
Last Action
Hearing scheduled for 09/26/2017 from 01:00 PM-04:00 PM in B-1 (on 09/12/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/S122 |
| Bill | https://malegislature.gov/Bills/190/S122.pdf |
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