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Banking commissioner outlines limited-purpose bank staffing and Copilot licensing plan
General Government Appropriations Subcommittee · February 18, 2026
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Summary
The Department of Banking and Finance described two examiners for merchant acquirer limited purpose banks and a plan to continue Copilot licensing in FY27 with controls to prevent confidential data exposure. Commissioner Beau Fears joined via Zoom and answered committee questions.
Commissioner Beau Fears of the Department of Banking and Finance appeared to the subcommittee via Zoom and described two spot examiner positions (MALPB examiners) included in the amended FY26 budget to regulate Merchant Acquirer Limited Purpose Banks, a…
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