SB438 — Provides for the licensure and regulation of merchant acquirer limited purpose banks. (BDR 55-974)

SB438 — Provides for the licensure and regulation of merchant acquirer limited purpose banks. (BDR 55-974) · Informed CitizenrySB438 establishes a framework for the licensure and regulation of merchant acquirer limited purpose banks (merchant banks) by the Commissioner of Financial Institutions. The bill defines key terms…Open in Informed Citizenry