Ohio House Financial Institutions Committee - 11-5-2025

House Financial Institutions Committee · November 5, 2025

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Call to order and roll call

Presentation

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Committee called to order and roll call completed; Chair and quorum confirmed and committee to proceed as full committee.

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The House Financial Institutions Committee heard proponent testimony on House Bill 534, a proposal to license and regulate debt resolution (debt settlement) providers in Ohio. Industry witnesses described consumer protections, no-advance-fee requirements and FDIC-insured consumer-controlled accounts; legislators pressed on fee limits, dispute resolution and credit-score impacts.

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Transcript

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