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MA H533

MA H533
Relative to community reinvestment goals for banks


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to require banks to include community reinvestment goals in annual reports to the Commissioner of the Division of Banks. Financial Services.

AI Summary

This bill requires banks to include their community reinvestment goals and outcomes in their annual reports to the Commissioner of the Division of Banks. The report must be submitted to each city and town in the Commonwealth in the form prescribed by the Commissioner. This aims to increase transparency and accountability around banks' efforts to support the communities they serve.

Committee Categories

Business and Industry

Sponsors (15)

Last Action

Accompanied a study order, see H4778 (on 07/18/2018)

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