H 400
An Act creating a maximum allowable check- cashing rate
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to regulate the fees that check cashers can charge in Massachusetts. It establishes a maximum allowable rate for cashing checks, drafts, and money orders, with the goal of protecting consumers from potentially excessive fees. The legislation seeks to ensure fairness and transparency in the check-cashing process. Currently, the bill is under consideration by the Committee on Consumer Protection and Professional Licensure.
Sponsors
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Primary sponsor
Daniel J. Hunt
Cosponsor
Daniel J. Hunt
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