AN ACT ESTABLISHING A WORKING GROUP TO STUDY CONSUMER FRAUD AND PROTECTIONS AGAINST SUCH FRAUD.

Summary

The bill orders the chairpersons of the joint banking committee to convene a working group that will examine consumer fraud and ways to protect consumers. The group will be made up of legislators, the state banking commissioner, and representatives of banks, credit unions, consumer advocates and senior citizen groups. It must submit a findings and recommendations report to the committee by January 1, 2027.

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