WeVote
Log In

Bill

Bill

H 1284

An Act ensuring banking accessibility

194th Legislature (2025-2026) Introduced by Ted Philips

Massachusetts bill H 1284 aims to improve banking accessibility for residents, addressing service gaps through regulatory or operational requirements referred to Financial Services Committee.

Accompanied a study order, see H4931
0
WeVote Research Nonpartisan
Bill Summary · H 1284

Legislative bill overview

H 1284 is a Massachusetts bill focused on ensuring banking accessibility, though the specific provisions are not detailed in the available legislative record. The bill was referred to the Financial Services Committee in February 2025 and has progressed to committee hearings scheduled for October 2025.

Why is this important

Banking accessibility affects residents' ability to access essential financial services, including deposits, withdrawals, and credit. Legislation in this area typically addresses concerns about banking deserts, discrimination, or service gaps that impact vulnerable populations or underserved communities.

Potential points of contention

  • Definition of "accessibility": The bill could address physical branch locations, digital access, fee structures, or lending practices—each raising different stakeholder concerns
  • Implementation costs: Requirements for banks to expand services may increase operational expenses that could be passed to consumers or reduce profitability
  • Regulatory scope: Uncertainty about whether the bill applies to all financial institutions or specific types, and how stringently compliance will be enforced

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

Sign in to ask a question.