Transcript Highlights:

• We're very fortunate because we have Maine banks, New Hampshire banks, Vermont banks, and Massachusetts
• We're very fortunate because we have Maine banks, New Hampshire banks, Vermont banks, and Massachusetts
• services.
• services.
• services.

Committee: Senate Commerce

Transcript Highlights:

• I will say a banking consultant who has a history in the lending side bank stop the deposit size of banks
• Every bank sets its rate according to its market. And there are 170 banks and the state of Florida.
• to bank to bank. >> You know, we're we've offered that floor, by the way we put in there because the
• It depends bank the bank.
• , people who bank with community banks, when we tie these rates to lending when we tie the rates for

Transcript Highlights:

• like at their food bank or something like that.
• and Cushman San Diego Food Bank.
• Their wealth should not come at the price of our health, and any other food services, food banks that
• The food bank has a commitment to nutrition.
• The Food Bank also serves as San Diego's diaper bank, sponsors multiple school-based programs, and hosts

Transcript Highlights:

• We are in the banking side, and we wanted to know why are banks numbers being spoofed all the time?
• It's fairly obvious when you're working with very large banks to know whether it's the bank making the
• A, Bank B, Bank C—to support the financial education public-private partnership?
• I can’t speak to banks specifically.
• I’m the Director of Consumer Services.

Committee: House Consumer Protection & Business

Summary: The committee began with a work session on the Joint Legislative Audit and Review Committee’s cannabis market study, presented by Susanna Pratt. JLARC found that Washington produced roughly two to three times more cannabis than retailers sold in 2023, and that incomplete, unreliable traceability data limits the Liquor and Cannabis Board’s ability to regulate, verify taxes, and track diversion. The presentation also reviewed canopy estimates, market conditions since legalization, and the social equity program. JLARC recommended that LCB submit a plan by the end of 2025 for obtaining accurate licensee data by the end of 2026; LCB partially concurred and said a 2027 implementation timeline was more realistic. JLARC also recommended the legislature consider broader ways to increase equity beyond new producer licenses, noting that 10 new producer licenses would likely have only a minimal effect on overall production capacity. Members asked about social equity licensing delays and about whether Washington could look to other states’ traceability systems, including Biotrack and Metric, for model practices. The committee then heard a series of presentations on financial fraud and scam prevention. Paul Benda of the American Bankers Association described the scale of fraud losses, the role of telecom spoofing, social media scams, SIM farms, and crypto ATMs, and argued for a shared-responsibility approach involving banks, telecoms, social media companies, and regulators. He noted that Australia’s whole-of-government anti-scam model has reduced losses and said Washington could look to other states for model legislation, including crypto ATM restrictions and telecom accountability measures. Katie Clark of IQ Credit Union described member-to-member fraud, romance scams, and the emotional and financial harm to victims, emphasizing the need for education, information sharing, law enforcement partnerships, and stronger protections around scam-related transfers. She also highlighted the role of high school financial education and the challenges posed by authorized peer-to-peer transfers and crypto ATMs. Kyle Innes of SIFMA focused on investor scams, especially “pig butchering” and other crypto-related relationship scams, and said Washington’s 2009 report-and-hold law for vulnerable adults helped shape similar laws in most other states. He stressed that fraud has become more professionalized and international, and that better coordination among adult protective services, law enforcement, and financial firms is needed. Brian Gerard and Ali Higgs of the Department of Financial Institutions then described pig-butchering scams in more detail, including fake profiles, fake trading platforms, and escalating demands for more money, and said recovery is difficult because funds move quickly through crypto channels. They pointed to DFI’s investment tracker and other consumer education efforts as tools to warn the public and disrupt scams.

Transcript Highlights:

• services.
• They believe in public service.
• Good evening to your members, Kevin Buffino, Sacramento Food Bank and Family Services.
• Good evening to your members, Kevin Buffino, Sacramento Food Bank, and Family Services.
• Immigration Support Services.

Summary: The Assembly Budget Subcommittee on Human Services opened its first hearing of the year with a discussion centered on CalFresh, the Department of Social Services, and related anti-poverty and immigrant services programs. Chair Jackson framed the hearing as a response to the “historic and enormous challenges” created by H.R. 1, emphasizing that the committee’s goal was to minimize harm to vulnerable Californians. No votes were taken in the hearing. The first major topic was the impact of H.R. 1 on CalFresh eligibility and administration. CDSS estimated major federal funding reductions, with hundreds of thousands of Californians potentially losing benefits under new time limits and work requirements for able-bodied adults without dependents, and additional losses among certain non-citizen groups. County welfare directors, eligibility workers, SEIU, and other advocates argued that counties are underfunded and understaffed to implement the new rules, and urged release of the previously authorized $20 million General Fund, a county match waiver, and an additional ongoing workforce investment. LAO and the Department of Finance said they were reviewing the administration’s proposals and emphasized the need to use existing data, automation, and statutory direction to reduce administrative burden and improve implementation. A second panel addressed county administrative backfill and the broader fiscal effects of H.R. 1. CDSS explained that the law shifts more administrative costs to the state and counties beginning in federal fiscal year 2027 and could also create future state benefit costs tied to payment error rates. County and food bank representatives warned that many counties will struggle to absorb the higher match and that penalties tied to payment error rates could worsen budget pressure. Members pressed Finance and CDSS for clearer timelines, written responses, and more detailed workload assumptions, while Finance said it was still analyzing the federal guidance and county resource needs. The final major topic was the California Food Assistance Program (CFAP) and possible state responses for people losing federal CalFresh eligibility. CDSS said CFAP remains limited by statute and by the federal structure it currently uses, but that the planned expansion to Californians age 55 and older regardless of immigration status remains on track for October 1, 2027, subject to funding. Immigrant advocates urged the state to fold newly excluded humanitarian immigrants into CFAP and to invest in outreach and administration, while Western Center on Law and Poverty proposed a broader state-funded anti-hunger response for people cut off by H.R. 1. LAO noted that the CFAP expansion is difficult to estimate and that further policy and technical work would be needed to assess costs and implementation options.

Transcript Highlights:

• a bank or credit card or debit card.
• Banks and financial institutions are...
• They don't have a bank.
• bank, it would have a 4% fee.
• account or from some account tied... a bank account or from some account tied to a bank account to the

Bills: HB297

Committee: House Financial Services

Keywords: cash transactions, money transmission, regulatory compliance, criminal penalties, Alabama Securities Commission

Transcript Highlights:

• Department of Public Service. Department of Agriculture. Department of Public Service.
• All right, Public Safety Services, Youth Services. Okay, Schedule 9. Louisiana Department of...
• to this service.
• idea about food banks.
• You have food banks here, and I heard one say that the funding is going to the food banks.

Committee: House Appropriations

Summary: The committee heard public testimony on several budget requests tied to health and human services. Louisiana Children’s Advocacy Centers asked for continued support and a supplemental appropriation of $1.173 million for infrastructure and standardization, explaining that the money would expand use of the Guardify digital evidence system, improve chain of custody, and reduce reliance on DVDs. Baton Rouge and statewide CAC leaders said prior funding helped eliminate a therapy wait list and speed services for abused children. Members asked detailed questions about the digital system, MDT coordination, and how the request related to SB 237, which would strengthen multidisciplinary review of child abuse cases. The Alzheimer’s Association sought $824,000 to sustain the dementia care specialist program, saying it helps families navigate services, keep loved ones at home longer, and reduce Medicaid costs. AARP and the Live at Home Coalition also testified for 750 additional Community Choice waiver slots at a state cost of $3.3 million, arguing that home- and community-based care is cheaper than nursing homes and that the current wait list is more than 11,000 people. Legislators discussed the size of the need, the state’s long-term care spending mix, and whether more support should go to family caregivers and community-based options. Testimony also focused on disability support services, substance use treatment, and developmental disability provider rates. A parent and direct support worker described the Children’s Choice waiver’s 20-hour cap and low pay, saying it makes it hard to retain caregivers and meet the needs of medically fragile children. Odyssey House and O’Brien House asked for higher Medicaid reimbursement rates under ASAM 4, warned that removal of room-and-board payments and weak Medicaid eligibility pathways are reducing access, and called for more oversight of sober living homes; members questioned outcomes data, length of stay, and links to homelessness. Finally, the Arc of Louisiana said the LDH rate study confirmed underfunding and supported a $53.6 million increase in state general funds, with local ARC leaders describing the services they provide and the need for higher direct support professional wages.

Transcript Highlights:

• Those are land banking loans.
• So I want to talk about land banks and land banking just to kind of get you...
• So I'm here to talk about land banks and land banking, just to kind of get you acclimated.
• Habitat for Humanity does land banking. Catholic Charities in eastern Washington does land banking.
• So land banks are not the answer to everything, but land banks can be a tool in the toolbox to get to

Summary: The committee met for work sessions on land banking/shared homeownership and on maximizing existing housing stock. Members first heard an overview from Commerce on alternative homeownership models, including community land trusts, limited equity cooperatives, condominiums, accessory dwelling units, middle housing, church land for housing, and public land transfers. The discussion focused on how these models can help households build equity while keeping housing permanently affordable. Committee members asked about statewide counts of co-ops and land trusts, and Commerce said it does not track all of those entities directly. Pierce County staff then described the Pierce County Community Development Corporation’s rapid acquisition fund and its role in acquiring, holding, and transferring public land for affordable housing. They said the county used general fund and affordable housing sales tax dollars to buy properties, preserve a manufactured home park through resident ownership, and create a pipeline of sites for future development. Members asked about the advantages of a public development authority, funding sources, the use of surplus and underutilized public property, and how the model works with housing authorities. Spokane land bank staff followed with testimony that land banks can reduce blight, preserve affordability, and help nonprofits acquire land quickly, but that holding costs and taxes can make the work harder without state support. They also described brownfield assessments, donated properties, and work on Black homeownership and public surplus properties. The committee then heard from the Northwest Cooperative Development Center on limited equity cooperatives, especially in manufactured housing communities. The witness said Washington now has about 43 limited equity co-ops and that recent subsidy funding and legislation have accelerated resident purchases of manufactured home communities. Members asked how residents benefit from capped equity, how values are affected, and whether the model improves access to lending; the witness said the model stabilizes costs, allows modest equity gains, and that a recent law allowing manufactured homes in co-ops to be titled as real property should improve access to traditional financing. The committee also discussed House Bill 1974 from the prior session and possible updates to land banking legislation. In the second work session on maximizing existing housing stock, Commerce reviewed recent housing laws and implementation timelines, including ADUs, middle housing, condo liability reform, SEPA changes, tiny homes, and co-living. Members raised concerns about the long implementation horizon, vacancy data, corporate ownership of homes, and the need for better support for small landlords and first-time ADU owners. Sightline then testified on mobile dwelling units, arguing that RVs, tiny houses on wheels, and similar units are a low-cost, quick-to-install housing option that is often blocked by zoning; the witness said many Washington residents already live in these units, often informally. Finally, AARP discussed housing options for older adults, including ADUs, missing middle, manufactured home communities, co-living, universal design, and village-style support models, emphasizing aging in place and the need for more accessible, affordable housing choices.

Transcript Highlights:

• to the community bank deposit program.
• There, I advise banks, financial services providers, and fintechs, as well as working with consumer advocates
• I also coordinated between the 12 banks, the 12 district banks, as well as the OCC and the FDIC in that
• So we oversee private student loan servicers.
• I know this is the Banks Committee, but insurance.

Committee: Senate Banks

Summary: The Senate Banking Committee met for its first meeting of the session, with Chair James Sanders Jr. and Ranking Member George Borrello opening the hearing and noting a collaborative approach to committee work. The committee first considered and advanced several bills: S.114, which would prohibit state-chartered banks from investing in or financing private prisons; S.2040, which would require money transmitters to provide a consumer warning; S.5473, which would require disclosures in advertisements involving virtual tokens; and S.8406, Sanders’ bill to amend the community bank deposit program. Each bill was moved and approved by committee, with S.8406 passing unanimously. The committee then heard from Caitlin Azar, Acting Superintendent of the Department of Financial Services (DFS), who outlined her background and DFS priorities. She emphasized affordability, consumer protection, stability, and innovation, and discussed DFS-led initiatives in the governor’s budget, including Banking Development Districts, non-bank mortgage CRA regulations, CDFI investment guidance, and consumer restitution. She also said DFS plans to issue buy-now-pay-later regulations in February, expand student lending protections and borrower education, and continue work on insurance affordability, including auto and homeowners insurance reforms, anti-fraud efforts, and discounts tied to telematics, dash cameras, and safe-driving courses. Members questioned Azar about the balance between regulation and access, especially in crypto, buy-now-pay-later, and insurance markets. She said DFS aims to preserve competition while preventing discriminatory or excessive practices, and described existing oversight of virtual currency, including coordination with federal regulators. Another member asked about AI in auto insurance underwriting and pricing; Azar said DFS requires transparency, bias review, governance controls, and consumer recourse, and that credit scores cannot be used to deny or increase rates. The chair also raised concerns about foreclosure in Southeast Queens, improving BDD paperwork and data collection, and increasing the number of state-chartered credit unions. Azar said DFS is working on process improvements, community input, and maintaining open communication with the committee, but no additional votes or formal actions were taken during the DFS hearing.

Transcript Highlights:

• of Veterans Services.
• All these contracts and services we provide, since we are not a direct service provider, require people
• Services and the 300 are for the statutory requirements for the audit services that we must attain from
• Food banks will pick up the extra.
• So the food banks do have a formal relationship with all the grocery store retailers across our service

Transcript Highlights:

• </c><00:42:29.520><c> that</c> help support the seven food banks that help support the seven food banks
• And so those food banks are pantries.
• </c><00:43:25.760><c> are</c> to make sure that our food banks are to make sure that our food banks are
• </c> the lovely farms to food bank program. the lovely farms to food bank program.
• Um, and people those food banks serve.

Summary: The Tobacco Settlement Oversight Committee received a monthly report from the Kentucky Office of Agricultural Policy and the A Development Board/Finance Corporation. Staff reviewed May activity, including county council visits, loan and grant approvals, farm safety funding, and support for beginning farmers, agricultural infrastructure, processing, and county/state projects. The committee also recognized an intern and thanked Tara Roberts for her service as she prepares to leave the agency. Members were reminded about a June 20 anniversary event marking 25 years of the office and related programs. A major topic was K-CARD, the Kentucky Center for Agricultural and Rural Development. Staff explained that the program is being expanded to provide more technical assistance for beginning farmers and farm families, including help with business plans and estate planning/farm transition discussions. Members asked how farmers would access the service and were told the extension office would be the front-line contact, with K-CARD providing the technical assistance and neutral-site consultations. The committee also discussed support for large food animal veterinarians. Staff said the incentive program has helped more than 33 veterinarians and is intended to support existing providers rather than quickly increase numbers; members raised concerns about the pipeline and selection process at Auburn University, and staff said discussions with the university were ongoing. The committee then heard from Community Farm Alliance on Kentucky Double Dollars, Fresh Rx for Moms, and farmers market support programs. CFA reported expansion to roadside stands, more retail onboarding, seven new counties, and estimated economic and farmgate impacts, emphasizing that state funding helps leverage federal and private dollars and stabilize local food access programs. No formal votes or legislative actions were taken beyond approving the May minutes.

Transcript Highlights:

• Mary's Bank, founded in 1909.
• example, the larger the bank banks, for example, the larger the bank or<00:08:43.760><c> if</c><00:08
• banks.
• </c> where the bank is located. where the bank is located.
• She's the bank. A bank overseas the bank. Okay. She's not a bank. She's not a bank.

Summary: The committee first held a public hearing on Senate Bill 25, which would allow state-chartered credit unions to compensate board members if the membership approves it. Prime sponsor Senator Dan Innis said the bill is enabling only, intended to help credit unions recruit and retain qualified directors and align New Hampshire with other states that already allow such compensation. Credit union representatives from the Cooperative Credit Union Association and St. Mary’s Bank supported the bill, saying board service has become more complex because of cybersecurity, asset-liability management, and other regulatory demands, and that compensation could be modest and take forms such as meeting fees or educational reimbursement. In response to committee questions, they said compensation would be set by the membership, disclosed in advance, and subject to bylaws and internal policies; they also noted that board members must be credit union members and that voting procedures vary by institution, with some using mailed ballots rather than proxy voting. Members raised questions about why credit union boards were historically excluded, what kinds of compensation were contemplated, whether there would be a cap, and how voting and confidentiality would work. Testimony explained that the historical rationale was the nonprofit, volunteer mission of credit unions, but witnesses argued that the modern environment and competition for talent justify a change. They also said the bill would not mandate compensation and would not create a salary structure comparable to banks, but would allow members to approve modest compensation or reimbursements. After no further testimony, the chair closed the public hearing on Senate Bill 25. The committee then opened a public hearing on Senate Bill 26, sponsored by Senator Howard Pearl, concerning the definition of deposits in land sales and escrowed accounts. Pearl said the bill would clarify that buyer funds for upgrades and luxury items in new-home construction are not treated as refundable deposits that must be held in escrow, arguing that the current Attorney General interpretation raises builder costs, increases home prices, and can limit buyer choices. He said the proposal would allow those upgrade funds to be paid directly to builders for construction, with signed disclosures making clear that the buyer requested the items and bears the risk if financing falls through. The hearing on Senate Bill 26 had just begun when the transcript ended.

Transcript Highlights:

• services.
• services. $50.
• They believe in public service.
• My name is Kevin Buffino, Sacramento Food Bank and Family Services.
• Immigration Support Services.

Transcript Highlights:

• The California Association of Food Banks represents 42 food banks that partner with nearly 6,000 agencies
• service numbers increased in the current quarter compared to the previous one. 55% of food banks also
• I am with the Alameda County Social Services Agency.
• I am with the Alameda County Social Services Agency.
• I am with the Alameda County Social Services Agency.

Summary: The joint hearing focused on CalFresh enrollment, food insecurity, and the effects of the recent federal shutdown and H.R. 1 on California families. Opening remarks emphasized that the shutdown delayed SNAP/CalFresh benefits for the first time in the program’s history, prompting emergency state, county, and local responses such as Operation Feed California, county emergency funds, food bank expansions, and Alameda County’s temporary food distributions and gift card support. Members also framed the issue as both a hunger and affordability crisis, noting that California produces abundant food but still has high rates of household food insecurity. The first panel reviewed food insecurity data and program impacts. PPIC’s Tess Thorman said about 13% of California households were food insecure in 2023, with higher rates among households with children and among Latino and Black households, and explained that CalFresh, school meals, and WIC significantly reduce poverty and hunger. Nourish California’s Betzabel Estudio described food insecurity as a policy choice and outlined state policy efforts such as Food for All, Thriving Transitions, and expansion of the CalFresh Fruit and Vegetable EBT program. The California Association of Food Banks said demand remains high, food banks are serving millions monthly, and federal cuts and reduced TEFAP food supplies are worsening the strain. The second panel gave a CalFresh program overview from CDSS and Alameda County. CDSS reported that CalFresh participation has improved, with California’s participation rate rising from 67% in 2020 to 81% in the latest federal data, and highlighted recent successes including the minimum nutrition benefit pilot and the revived fruit-and-vegetable incentive program. Officials also warned that H.R. 1 will add work requirements, reduce eligibility for some immigrants, and create future cost-sharing pressures for the state and counties. Alameda County described local caseloads, application declines tied to fear and uncertainty, and efforts to reduce error rates and support students, older adults, and other hard-to-reach groups. A student CalFresh ambassador testified about the burdensome application process and the need for more outreach and basic needs support on campuses. No votes were taken; the hearing was informational, with members discussing possible future legislation, outreach funding, and state backfill strategies.

Transcript Highlights:

• at Pierce County Human Services.
• Those are land banking loans.
• So I want to talk about land banks and land banking just to kind of get you...
• I want to talk about land banks and land banking, just to kind of get you acclimated.
• Habitat for Humanity does land banking. Catholic Charities in eastern Washington does land banking.

Committee: House Housing

Summary: The committee held a work session on land banking and shared homeownership models, with members and staff discussing ways to use public land and nonprofit partnerships to expand permanently affordable housing. Commerce’s Dave Anderson outlined recent policy changes that may support these models, including ADUs, middle housing, lot splitting, condominium reforms, church land housing, and public land transfer policies. He described community land trusts and limited equity housing cooperatives as ways for households to build some equity without owning land outright. Representatives asked about statewide numbers and implementation, and Commerce said it is preparing a guidebook for local planners. Pierce County staff described the Pierce County Community Development Corporation’s rapid acquisition fund, public-to-public land transfers, and land banking loans. They said the county used general fund and 1406 sales tax dollars to acquire properties, preserve a manufactured home park through resident ownership, and assemble public surplus and underutilized sites for future affordable housing. Committee members asked about the entity’s advantages over private developers, funding sources, coordination with housing authorities, and whether similar models exist elsewhere. The presenter said the main advantage is the ability to receive public property transfers at no cost and hold land while development plans are assembled. Amy Manning of the Spokane Regional Land Bank said land banks help move vacant, blighted, or underutilized properties into affordable housing and community use, but holding costs and taxes can make projects harder to finance. She described EPA brownfield assessments, Commerce planning grants, donated properties, and work with the City of Spokane on surplus and underutilized land. Victoria O’Beynion of the Northwest Cooperative Development Center then testified on limited equity cooperatives, especially in manufactured housing communities, saying they preserve affordability, support resident governance, and can build modest equity over time. She cited growth in cooperative acquisitions since 2020 and said recent legislation allowing manufactured homes in cooperatives to be titled as real property has improved access to traditional financing. The committee then shifted to maximizing existing housing stock. Dave Anderson reviewed the state’s recent housing laws and said implementation is still unfolding, with local code updates and planning cycles taking years. He noted growth in ADUs, room rentals, and multifamily production, but also concerns about short-term rentals and corporate ownership of single-family homes. Members asked for follow-up data on implementation timelines, vacancy, corporate ownership, and eviction patterns. Sightline’s Katie Gould presented on mobile dwelling units, arguing that RVs and tiny houses on wheels are a low-cost, fast-to-install housing option that is often blocked by zoning, and described cases where people were forced into precarious or illegal arrangements. AARP’s Kathy McCall closed by emphasizing aging in place, housing cost burdens on older adults, and the need for more accessible, lower-cost options such as ADUs, missing middle housing, and manufactured home community preservation.

Transcript Highlights:

• In banking, if you don't have deposits, you don't have a bank. They are everything.
• Bank of North Dakota is a part of those correspondent services with nearly all the financial institutions
• the banks.
• bank, you're losing out.
• , the banks, it's over.

Summary: The committee received a compliance and status update on Industrial Commission programs and the Bank of North Dakota. Staff reviewed appropriations and spending for several Industrial Commission funds and grant programs, including lignite research, oil and gas research, clean sustainable energy, grid resiliency, salt cavern analysis, and the new NDSU research and technology park grant. Members discussed the timing of reimbursements, uncommitted balances, and the structure of the pipeline capacity and enhanced oil recovery funding. The Industrial Commission also reported on its administrative budget, grant management system project, and recent leadership transitions across several agencies. Karen Tyler of the Industrial Commission described active grant rounds and the status of major projects. She said the Clean Sustainable Energy Authority approved three projects in its sixth round, with remaining uncommitted cash and loan capacity still available, though no new funding was appropriated this session. She also said the Oil and Gas Research Council approved six enhanced oil recovery projects and expects additional funding after a federal Department of Energy award replaces one project’s state funding. For grid resiliency grants, she said some projects have been funded, some commitments were returned or reallocated, and some DOE funds remain pending. She also updated the committee on the salt cavern business case study, which replaced an earlier larger development proposal, and on the NDSU research park grant, where the nonmatching portion was paid and the matching portion has moved slowly because the match must be in cash. Ron Ness then gave an extended presentation on enhanced oil recovery and North Dakota oil and gas trends. He said production remains steady, but future growth depends on infrastructure, especially gas takeaway and projects like the Bakken East pipeline. He argued that enhanced oil recovery using CO2, natural gas, surfactants, and other methods could extend Bakken production for decades, but that the state needs more CO2 supply, better storage, and updated tax and regulatory incentives. Members asked about lateral lengths, CO2 availability, pipeline impacts, and the role of the Strategic Petroleum Reserve, and Ness emphasized that the projects are intended to share technical learning across operators and attract follow-on investment. The Bank of North Dakota then presented its compliance report and strategic update. President Don Morgan said the bank’s mission remains to support North Dakota agriculture, commerce, and industry while cooperating with the state’s financial sector. He reviewed the bank’s main business lines: participation lending with community institutions, student loans, disaster lending, mission-based programs, and a new fintech-focused effort. Morgan said deposits are flattening, so the bank is managing balance sheet growth carefully, while still reporting improved net income and strong efficiency. He also introduced Rough Rider Coin as a bank-to-bank payment rail, not a public cryptocurrency, intended to speed and modernize payments within North Dakota’s banking and credit union system. Committee members asked about student loan eligibility, disaster program use, and how credit lines and liquidity would be affected if deposits shrink.

Transcript Highlights:

• Department of Public Service. Department of Agriculture. Department of Public Service.
• All right, Public Safety Services, Youth Services. Okay, Schedule 9. Louisiana Department of...
• to this service.
• idea about food banks.
• You have food banks here, and I heard one say that the funding is going to the food banks.

Committee: House Appropriations

Transcript Highlights:

• Mary's Bank, founded in 1909.
• example, the larger the bank banks, for example, the larger the bank or<00:08:43.760><c> if</c><00:08
• other banks.
• She's the bank. A bank overseas the bank. Okay. She's not a bank. She's not a bank.
• regulator the banker's bank. So my regulator the banker's bank.

Summary: The committee held a public hearing on Senate Bill 25, which would allow New Hampshire state-chartered credit unions to choose, by member vote, to compensate their board members. Prime sponsor Senator Dan Innis said the bill is enabling only, does not require compensation, and is intended to align New Hampshire with other states that already permit this. He argued that credit union board service now requires more time and expertise, and that compensation could help attract stronger candidates and improve governance. Representatives from the Cooperative Credit Union Association and St. Mary’s Bank testified in support. They said the change would not create salaries, but could cover modest compensation or reimbursements such as daycare, education, cybersecurity, or accounting training. They emphasized that credit unions remain nonprofit and member-driven, that board members must be credit union members and elected by members, and that any compensation decision would be made by the membership at an annual meeting or through the credit union’s voting process. Witnesses also said the bill would help with recruitment and retention, especially as credit union operations have become more complex and digital, and noted that similar authority exists in 16 other states, including Rhode Island. Committee members asked about the historical reason credit unions were excluded, the amount and structure of compensation, whether there would be a cap, and how voting would work. Witnesses said the bill does not set a statutory maximum, but in practice the amount would be disclosed to members and set through the vote; they also described St. Mary’s Bank’s ballot process and said proxy or ballot procedures depend on each credit union’s bylaws. One witness noted that federally chartered credit unions are subject to different limits. After testimony and questions, the chair closed the public hearing on Senate Bill 25 and then moved on to Senate Bill 26.

Transcript Highlights:

• Good morning, Chris Richards, Chief Banking Services Officer at Cape Cod Five Cents Savings Bank in Hyannis
• Good morning, Chris Richards, Chief Banking Services Officer at Cape Cepcott Five-Sense Savings Savings
• Chris Richards, Chief Banking Services Officer at Cape Cod Five-Sense Savings Bank and Hyannis.
• When banks were more local, when banks were part of our community, and the issuing banks were part of
• “Processing bank. With the bank. Okay.

Summary: The commission met to continue studying credit card payments, interchange fees, fraud, chargebacks, and the impact of card processing costs on small businesses, especially restaurants and retailers. Members heard extensive testimony from credit unions, retailers, restaurant owners, payment-industry representatives, and an airline trade group. Supporters of reform argued that swipe fees are a major and rising expense, that businesses are paying fees on sales tax and tips that are merely pass-through amounts, and that merchants have little negotiating power. Several restaurant and retail witnesses described thin margins, higher costs for card-not-present transactions, and chargebacks that they said usually favor cardholders and leave merchants absorbing losses and fees. Witnesses from the Cooperative Credit Union Association cautioned that state-level interchange regulation could reduce revenue used for fraud prevention, compliance, and member services, and could lead to higher rates or reduced access. Retail and restaurant representatives countered that fees have risen sharply, that statements are difficult to decipher, and that rewards programs and card-network pricing are subsidized by merchants and ultimately by all consumers. The Massachusetts Restaurant Association and independent operators urged legislation to bar fees on tax and tip portions of transactions and to allow businesses to pass along card fees if they choose, saying this would improve transparency and fairness and help keep small restaurants open. Other testimony came from the National Restaurant Association, which supported interchange reform and said modern point-of-sale systems can already separate tax and tip amounts, and from a payments-industry group that emphasized the broader economic benefits of digital payments and warned against state-by-state rules. Airlines for America opposed changes that could undermine airline credit card rewards programs. Commission members asked detailed questions about fee structures, card types, chargebacks, POS systems, and whether consumers paying cash are also affected. No votes or formal actions were taken at the meeting.

Transcript Highlights:

• <00:04:29.120><c> in</c><00:04:29.240><c> the</c><00:04:29.360><c> country</c> bank in the country bank
• So the regional Food Bank Grant helps food banks keep those essential items in stock.
• </c> last year to support these Food Bank last year to support these Food Bank grants<00:09:42.839><c
• which is uh the channel one food bank which is uh Services<00:15:45.800><c> my</c><00:15:46.040><c>
• Um, again, this is about a regional food bank grant program. Regional Food Bank grant program.