Emergency Clarification of Maine’s Ban on Paper Statement Fees Signed into Law

Emergency Clarification of Maine’s Ban on Paper Statement Fees Signed into Law

Gov. Janet Mills (D) has signed a bill clarifying what constitutes a “billing statement” under state law. Last year, Maine prohibited banks from charging customers a fee for opting to receive paper statements, but concerns were raised in the interim that the language was too broad. Credit unions brought up to lawmakers that this change [...] The post Emergency Clarification of Maine’s Ban on Paper Statement Fees Signed into Law appeared first on…