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HD 2252

An Act relative to the equitable assessment of bank fees

194th Legislature (2025-2026) Introduced by Paul Frost and 2 co-sponsors

HD 2252: An Act relative to the equitable assessment of bank fees OverviewBill Number: HD 2252 Title: An Act relative to the equitable assessment of bank feesStatus: Proposed bill

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Bill Summary · HD 2252

HD 2252: An Act relative to the equitable assessment of bank fees

Overview

Bill Number: HD 2252
Title: An Act relative to the equitable assessment of bank fees
Status: Proposed bill
Introduced: November 29, 2025

Purpose and Intent

The primary goal of this bill is to establish more transparent and equitable practices for the assessment of bank fees, particularly those impacting low-income and underserved communities. The legislation aims to address concerns that current bank fee structures disproportionately burden vulnerable populations and create barriers to financial inclusion.

Key Provisions

  • Requires all banks operating in the state to publicly disclose their full schedule of fees, including overdraft, maintenance, and ATM fees, in a standardized format.
  • Mandates that banks offer a basic, no-fee checking account option for customers meeting certain income thresholds.
  • Caps the maximum allowable overdraft fee at $20 per occurrence and limits the number of overdraft fees that can be charged per month.
  • Prohibits banks from charging ATM fees for in-network transactions and limits out-of-network ATM fees to no more than $2 per withdrawal.
  • Establishes an oversight board to monitor bank fee practices and investigate consumer complaints related to unfair or deceptive fee assessments.

Affected Parties and Impacts

This bill would primarily impact retail banking customers, particularly those with low or moderate incomes. By capping fees and requiring more affordable banking options, the legislation aims to improve financial access and reduce the disproportionate burden of bank fees on vulnerable populations.

Banks operating in the state would also be affected, as they would need to adjust their fee structures and disclosure practices to comply with the new requirements. However, the bill's supporters argue that these changes would ultimately benefit banks by improving customer trust and retention.

Procedural and Timeline Considerations

HD 2252 was introduced in the state legislature on November 29, 2025 and has been referred to the Joint Committee on Financial Services for initial review and public hearings. If the committee approves the bill, it will then proceed to a full vote in the state House of Representatives. If passed by the House, the bill would then move to the state Senate for consideration before potentially being signed into law by the governor.

The bill's sponsors are aiming for a targeted implementation timeline of 6-12 months from the date of enactment to give banks sufficient time to update their systems and fee structures to comply with the new requirements.

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

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