Check cashing fees; collection and dissemination of information. (HB356)

Introduced By

Sen. Jennifer McClellan (D-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Check cashing fee information.  Directs the State Corporation Commission's Bureau of Financial Information to conduct periodic surveys of banks, savings institutions, credit unions, and persons required to be registered as check cashers. The surveys are to collect information regarding the practices and fees of these institutions relating to their cashing of checks, drafts, and money orders. The Bureau is required to compile the check cashing fee information in a chart, table, or similar format. The Bureau is further directed to post the information on the Bureau's website and to make printed copies of the information available to persons requesting it. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2012Committee
01/10/2012Prefiled and ordered printed; offered 01/11/12 12100358D
01/10/2012Referred to Committee on Commerce and Labor
01/17/2012Impact statement from SCC (HB356)
01/19/2012Assigned C & L sub: #2
02/02/2012Subcommittee recommends passing by indefinitely (6-Y 2-N)
02/14/2012Left in Commerce and Labor (0-Y 0-N) (see vote tally)