Establishes a financial technology task force to review and report on financial technology operations and bank charter regulations in Massachusetts.
The bill establishes a special task force to review and report on the financial impact of financial technology operations and current bank charter regulations in Massachusetts. The task force will identify and review state laws, regulations, and administrative directives related to financial technology and banking charters, and identify key banking developments that would benefit Massachusetts citizens. The task force will also require the division of banks to submit reports to the legislature based on information obtained from banks and technology companies.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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