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HD 5255

A report of the Division of Banks (under Section 3B of Chapter 7 of the General Laws) relative to changes to certain fees charged for licenses

194th Legislature (2025-2026)

Massachusetts bill requires banking regulators to study and recommend changes to financial institution licensing fees.

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Bill Summary · HD 5255

Legislative bill overview

HD 5255 directs the Division of Banks to produce a report examining potential changes to licensing fees under Massachusetts banking regulations. The bill requires analysis of current fee structures and recommendations for modifications to Chapter 7, Section 3B of state law.

Why is this important

Banking licensing fees directly affect the cost of doing business for financial institutions and can influence market competition and access to banking services. The resulting report could lead to policy changes that either reduce barriers to entry for smaller institutions or adjust fees to reflect actual regulatory costs.

Potential points of contention

  • Whether fee reductions would improve competition or reduce regulatory funding needed for consumer protection
  • Which types of financial institutions would benefit most from fee changes (larger banks vs. community banks vs. credit unions)
  • Whether the report adequately considers the administrative costs of banking oversight versus revenue generation

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

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