H.B.7282: An Act Relating To Financial Institutions -- Powers And Operations (Amends Outdated Provisions Of The Banking Statutes And The Home Loan Protection Act, Adds Consumer Protections, Including Minimum Capital Requirements And Limits On Investments, For Currency Transmitters, Including Crypto Currency.)

This act would amend outdated provisions of the banking statutes and the home loan protection act, add consumer protections, including minimum capital requirements and limits on investments for currency transmitters including crypto currency, add a consumer protection for student loan borrowers and remove the provision allowing deposit of securities in lieu of bond. This act would take effect upon passage.