BCP Committee Session, 2/16/2026 #1

Economic Matters Committee (subcommittee: banking, commercial consumer protection, commercial law) · February 16, 2026

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Opening and agenda

Presentation

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Delegate Pam Queen opened the subcommittee and named the three bills on the agenda: HB 38, HB 118 and HB 237; she said two of the bills are sponsored by her and outlined the subjects (mortgage licensing, money-transmitter definitions, earned-wage access).

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The Economic Matters Committee subcommittee on banking and commercial consumer protection met to consider HB 38 (mortgage loan originator licensing), HB 118 (payroll processors and money-transmitter definition) and HB 237 (earned-wage access). Two bills (HB 38, HB 118) were moved favorably; HB 237 received discussion and was held for further work, including input from the Office of the Attorney General on proposed "stacking" amendments.

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Transcript

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