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HD 4848

A communication from the Division of Banks (see Section 13 of Chapter 167 of the General Laws) submitting its annual report fiscal year 2024

194th Legislature (2025-2026)

Massachusetts Division of Banks submits its required annual fiscal 2024 report documenting regulatory activities and financial oversight performance.

Placed on file
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Bill Summary · HD 4848

Legislative bill overview

HD 4848 is a procedural filing that transmits the Division of Banks' annual report for fiscal year 2024 to the Massachusetts legislature. This is a routine administrative submission required by state law (Chapter 167, Section 13) and does not propose new legislation or policy changes.

Why is this important

Annual reports from regulatory agencies provide transparency on enforcement actions, licensing activities, consumer complaints, and financial performance. This report allows lawmakers and the public to assess how effectively the Division of Banks is protecting consumers and regulating financial institutions in Massachusetts.

Potential points of contention

  • The report itself may reveal enforcement gaps or concerns about the division's resources and staffing levels
  • Data on complaints or violations could prompt calls for stronger regulatory authority or legislative amendments
  • Performance metrics might be used to argue for increased or decreased funding in subsequent budget cycles

Compiled from official sources — confirm details with the bill’s official record.

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