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Testimony

Our Testimony

Joint Committee on Financial Services – April 29, 2025

The Association testified on several bills that could prohibit HSA-qualified plans from being offered to consumers in the future because of conflicts with Federal law that would be created if these bills were enacted. Click here to read our testimony.

Massachusetts House of Representatives – April 28, 2025

The Association submitted testimony on several amendments to the H 4000, the MA House FY2026 budget proposal. Click here to read our testimony.

Joint Committee on the Judiciary – April 22, 2025 Hearing

The Association testified on three bills that would enact a uniform law providing methods for reforming and modernizing existing irrevocable trusts, and legislation that would address the issue of digital assets after death. Click here to read our testimony.

Joint Committee on Financial Services – April 15, 2025 Hearing

The Association testified on roughly 20 bills related to credit unions, public deposits in credit unions, legislation to combat fraud targeting senior citizens and adults with disabilities and foreclosure and mortgage. Click here to read our testimony.

Joint Committee on Consumer Protection and Professional Licensure – April 14, 2025 Hearing

The Association testified on Association-sponsored legislation that builds on the extensive work undertaken on this issue over the last few sessions and would provide even more protections to Massachusetts businesses from the abusive acts of Non-Practicing Entities (NPEs) which are commonly referred to as “patent trolls.” Click here to read our testimony.

Joint Committee on Advanced Information, Technology, the Internet and Cybersecurity – April 9, 2025 Hearing

The Association testified on several pieces of legislation related to data privacy, AI, biometric data and geo-location urging the Committee to recognize the banking industry’s strong privacy and data security standards and consumer protections and include an exemption for financial institutions as provided by Title V of the federal Gramm-Leach-Bliley Act (GLBA). The bills filed currently include data-level exemptions. Click here to read our testimony.

Joint Committee on the Judiciary – April 8, 2025 Hearing

The Association testified to oppose legislation that would establish a judicial foreclosure system in Massachusetts. In part, the bill would allow every borrower in Massachusetts to contest a pending foreclosure before a judge, which would add considerable cost and burden to local banks. The legislation also gives judges broad authority to modify the underlying mortgage or “grant any other appropriate relief,” which would be a significant increase in judicial power in Massachusetts and create uncertainty both for banks that hold mortgages in their portfolios as well as those loans that are sold into the secondary market. Click here to read our testimony.

Massachusetts Board of Education - April 3, 2025

The Association and our members have been longstanding proponents of implementing financial literacy and personal finance curriculum throughout Massachusetts public schools. Last week, the Association submitted a comment letter to the Board of Elementary and Secondary Education urging the Board to consider implementing such curriculum as a requirement for Massachusetts students to graduate from high school. Click here to read our letter to the Board.

Conference Committee on Economic Development - July 26, 2024

Statement of the Massachusetts Bankers Association on Shared Appreciation Mortgage

Conference Committee on Affordable Homes Act - July 25, 2024

Statement of the Massachusetts Bankers Association on H.4726/S.2850, An Act Relative to the Affordable Homes Act

Senate Committee on Ways and Means - July 24, 2024

Statement of the Massachusetts Bankers Association on H.4840, An Act Relative to the Regulation of Money Transmission by the Division of Banks

Massachusetts Senate - July 10, 2024

Statement of the Massachusetts Bankers Association on S.2856, An Act Relative to Strengthening Massachusetts' Economic Leadership

Massachusetts Senate - June 26, 2024

Statement of the Massachusetts Bankers Association on S.2834, An Act Relative to the Affordable Homes Act

Massachusetts House of Representatives - June 26, 2024

Statement of the Massachusetts Bankers Association on H.4789, An Act Relative to Strengthening Massachusetts' Economic Leadership

Massachusetts House of Representatives - June 4, 2024

Statement of the Massachusetts Bankers Association on H.4707, An Act Relative to the Affordable Homes Act

Massachusetts Senate - May 14, 2024

Statement of the Massachusetts Bankers Association on S.4, Senate Fiscal Year 2025 Budget

Senate Committee on Ways and Means - April 24, 2024

Statement of the Massachusetts Bankers Association Regarding S.195, An Act to Protect Personal Biometric Data

Massachusetts House of Representatives - April 22, 2024

Statement of the Massachusetts Bankers Association on H.4600, House Fiscal Year 2025 Budget

House Committee on Bills in the Third Reading - April 11, 2024

Statement of the Massachusetts Bankers Association in Support of H 1112 - An Act Relative to the Massachusetts Uniform Commercial Code

House Committee on Steering, Policy and Scheduling - April 5, 2024

Statement of the Massachusetts Bankers Association in Support of H 1112 - An Act Relative to the Massachusetts Uniform Commercial Code

House Committee on Ways and Means - April 5, 2024

Statement of the Massachusetts Bankers Association Regarding H 4124, An Act Protecting Seniors and Adults with Disabilities from Financial Exploitation

Statement of the Massachusetts Bankers Association in Support of H 1106, An Act Relative to The Regulation of Money Transmission by the Division of Banks

House Committee on Bills in the Third Reading - April 4, 2024

Statement of the Massachusetts Bankers Association Regarding H 4429, An Act Relative to Fairness in Debt Collection

Senate Committee on Ways and Means - April 3, 2024

Statement of the Massachusetts Bankers Association In Support of S.2665 - An Act Relative to Student Financial Literacy

House Committee on Bills in the Third Reading - February 7, 2024

Statement of the Massachusetts Bankers Association on H.1434 and S.1144 - Credit Report Use by Employers

Joint Committee on Education January 10, 2024

Statement of the Massachusetts Bankers Association In Support of H.4199 - An Act Relative to Personal Financial Literacy

Joint Committee on Telecommunications, Utilities and Energy January 3, 2024

Statement of the Massachusetts Bankers Association In Opposition to H 3950 - An Act Relative to Establishing a Residential Property Assessed Clean Energy Program (R-PACE) in the Commonwealth

Office of the Attorney General December 20, 2023

Statement of the Massachusetts Bankers Association Proposed Regulations 940 C.M.R. 38.00: Unfair and Deceptive Fees

Joint Committee on Telecommunications, Utilities and Energy October 31, 2023

Statement of the Massachusetts Bankers Association In Opposition S 2171 - An Act Relative to Establishing a Residential PACE Program to Provide Long-Term Financing for Home Energy System Improvements

Statement of the Massachusetts Bankers Association in Support of H 1641 & S 974 - An Act for Uniform Fiduciary Access to Digital Assets

The Massachusetts Bankers Association Records Support On S 964 - An Act relative to the Massachusetts Uniform Trust Decanting Act

Joint Committee on Financial Services October 24, 2023

The Massachusetts Bankers Association Records Opposed On H 1028, An Act relative to community goals for banks

The Massachusetts Bankers Association Records Opposed On H.3953 - An Act to establish a resolution trust fund for receipt of reasonable mortgage payments

Statement of the Massachusetts Bankers Association in Support of H 954, An Act Protecting the Use of Bank Names, Trade Names and Trademarks In Electronic Communications

Statement of the Massachusetts Bankers Association in Support of H 955 - An Act Amending the Banking Laws and Related Statutes

The Massachusetts Bankers Association Records Opposed On H 3954, An Act regulating certain mortgages

The Massachusetts Bankers Association Records Support On H 1051, An Act relative to establishing a financial technology task force

The Massachusetts Bankers Association Records Support On H 1076, An Act relative to mortgage licensing in Massachusetts

The Massachusetts Bankers Association Records Support On H 1086, An Act expanding the use of video and telephone conferencing

Statement of the Massachusetts Bankers Association Regarding H 4124 / S 2460, An Act Protecting Seniors and Adults with Disabilities from Financial Exploitation

Statement of the Massachusetts Bankers Association in Opposition to H 975/S 632 - An Act to Establish a Massachusetts Public Bank, H 3774/S 675 - An Act Creating a Climate Bank in Massachusetts, and S 693 - An Act Establishing a Public Bank of Massachusetts to Support Economic Development

Statement of the Massachusetts Bankers Association in Opposition to H 1032/S 623 - An Act Relative to Growth Opportunities for State Financial Institution

Statement of the Massachusetts Bankers Association in Support of H 1078, An Act Making Changes to Certain References in the Banking Laws of the Commonwealth

Statement of the Massachusetts Bankers Association in Support of H 1106, An Act Relative to The Regulation of Money Transmission by the Division of Banks

Statement of the Massachusetts Bankers Association in Support of H 1112 - An Act Relative to the Massachusetts Uniform Commercial Cod

Statement of the Massachusetts Bankers Association in Opposition to H 1151, An Act Relative to Inactive Account Fees