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Committee advances Department of Banking and Finance annual housekeeping bill
Summary
The committee heard a Department of Banking and Finance update bill that tightens definitions and raises a credit-union loan aggregation threshold from $50,000 to $150,000 to aid small credit unions; the committee moved the bill forward.
The Senate Banking and Financial Institutions Committee on an undated meeting heard a presentation from Beau Fears of the Department of Banking and Finance on an annual housekeeping bill intended to streamline statutes and ease regulatory burdens on financial institutions while maintaining safety and soundness.
Fears said the bill makes a range of technical changes: it updates provisions for…
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