Order relative to authorizing the joint committee on Financial Services to make an investigation and study of a certain current Senate document relative to licensing of earned wage access services providers by the Division of Banks.
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This order authorizes the Joint Committee on Financial Services to conduct an investigation and study regarding the potential licensing of earned wage access services providers by the Division of Banks in Massachusetts. The committee will examine a current Senate document (Senate, No. 725) concerning this issue, as proposed by Senator Sal N. DiDomenico. The goal of this study is to assess the need for and framework of licensing these services.
Key provisions
- Authorize the Joint Committee on Financial Services to conduct a study.
- Focus of the study is on the licensing of earned wage access services providers.
- The study will examine a current Senate document (Senate, No. 725).
- The study will be conducted by the Division of Banks.
- The committee on Rules of the two branches will act concurrently.
Who is affected
- Division of Banks
- Earned wage access services providers
- Massachusetts residents potentially utilizing these services
Bill text
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Sponsors
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1 on record
Primary sponsor
Joint Committee on Financial Services
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