State Treasurer's Office and Division of Banks Announce High School Grant Recipients of the Financial Literacy Education Innovation Fund
State Treasurer Deborah B. Goldberg and the Division of Banks announced today the recipients of the next round of Financial Education Innovation Fund grants, an initiative that provides capital to expand Credit for Life fairs in high schools across the Commonwealth. These awards are funded by a grant from the Division of Banks through settlements over alleged unlawful lending practices. More
Massachusetts Residents Urged to Protect their Homes and Vehicles this Winter
Last year’s record breaking snowfall has many Massachusetts residents concerned that this winter will mirror 2015. While predictions vary for what’s in store, the Massachusetts Office of Consumer Affairs and Business Regulation and the Division of Insurance recommend preparing in advance to minimize the circumstances that can lead to claims from winter storms. More
State Survey Finds High Level Of Pricing Accuracy Among Retailers
Boston, MA (December 2, 2015) – The Massachusetts Office of Consumer Affairs and Business Regulation, in conjunction with its Division of Standards, reports high item pricing accuracy among retailers surveyed prior to the holiday shopping season. More
Division of Insurance Holds Final Listening Sessions on Home Insurance
Invites comments on affordability, availability, sales, and marketing.
Boston, MA (November 30, 2015) – The Massachusetts Division of Insurance will host its final two informational hearings on the marketing and sale of Massachusetts homeowners’ insurance policies in New Bedford on December 2nd and in Hyannis on December 8th. More
Massachusetts Division of Banks Provides Additional Funding for the Financial Education Innovation Fund
Increased Funding Will Support Spring 2016 Credit for Life Fairs.
Boston, MA - In June, the Baker-Polito Administration's Division of Banks (Division) partnered with the State Treasurer's Office to create the Financial Education Innovation Fund to provide an opportunity for high schools to develop or expand financial education fairs. More
Division of Insurance Holds Boston Listening Session on Home Insurance
Invites comment on affordability, availability, sales, and marketing.
Boston, MA (November 13, 2015) - The Massachusetts Division of Insurance will host an informational hearing on the marketing and sale of Massachusetts homeowners' insurance policies at 6:00 p.m. on Tuesday, November 17th at the Division's Boston office at 1000 Washington Street, First Floor, Hearing Room 1-E. More
Division of Banks, Attorney General's Office Take Part in FTC's 'Operation Collection Protection'
Today the Massachusetts Division of Banks (the Division) and Attorney General Maura Healey joined the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), and numerous state attorneys general and regulatory agencies to announce 115 actions nationwide against illegal debt collection operations taken since the first of the year as part of Operation Collection Protection. More
Unlicensed Lenders to Refund Millions to Consumers Over Illegal Online Lending Scheme
AG Healey and Division of Banks Reach Settlement with Western Sky and CashCall; Entities Barred from Doing Business in Massachusetts
BOSTON - Attorney General Maura Healey and the Division of Banks have reached a settlement agreement with small installment loan lenders, their affiliated companies, and owners, following allegations that these businesses made illegal, high-interest loans over the internet to thousands of consumers without proper license or registration to conduct business in Massachusetts. More
Home Refinancing Scam
With the Federal Reserve Bank expected to increase interest rates, many homeowners are considering refinancing their home. Scammers are taking advantage of this by offering cheap interest rates that require an upfront fee. They are also targeting homeowners who may be late on their mortgage payments. These fraudsters advertise refinancing “bargains” through email, flyers, and phone calls. They are demanding an upfront fee in order to “guarantee” the rate agreed upon. Once you agree and pay the fee the scammers disappear with your money. More
Division Of Insurance Holds Home Insurance Listening Sessions
BOSTON - The Division of Insurance will launch a series of informational hearings on the marketing and sale of homeowners' insurance policies in Massachusetts at the City Council Chambers of Lowell City Hall on Wednesday, October 21st at 2 pm. Five additional hearings will be held over the next two months. More
15 Million Consumers Impacted by T Mobile Data Breach
Massachusetts consumers may be at risk of identity theft in the latest national data breach. Cyber criminals were able to hack into personal information from a database of T-Mobile customers and applicants managed by Experian, a global credit and data company. More
Baker Administration Announces Over $3 million In Health Insurance Rebates For Small Businesses And Individuals
BOSTON - Individual consumers and small group employers in the Commonwealth will benefit from nearly $3.4 million in rebates from two of the state's health insurers, according to the state's Division of Insurance. More