SB 337
Division of Financial Institutions rule relating to installation, operation, and sharing of customer bank communication terminals and utilization of nonexclusive access interchange system
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill authorizes the West Virginia Division of Financial Institutions to create a set of rules governing how banks install, operate, and share communication terminals with customers. It also addresses the use of nonexclusive access interchange systems, which are used for processing credit and debit card transactions. The goal is to standardize procedures and ensure consistent practices related to these banking services within the state.
Key provisions
- Authorizes the Division of Financial Institutions to develop rules.
- Covers the installation of customer bank communication terminals.
- Addresses the operation of these terminals.
- Regulates the sharing of information through these terminals.
- Concerns the utilization of nonexclusive access interchange systems.
- Relates to 106 CSR 07
Who is affected
- Banks
- Customers of banks
- The Division of Financial Institutions
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