Expanded Eligibility for Grants Funding High School Credit for Life Fairs – Applications Now Being Accepted
Boston, MA (October 5, 2016) – The Massachusetts Division of Banks, in partnership with the State Treasurer’s Office, is expanding the eligibility criteria for the Financial Education Innovation Fund to support Credit for Life Fairs. More
Office of Consumer Affairs and Business Regulation Introduces Online Renewal for Home Improvement Contractors
Boston, MA (September 29, 2016) – The Office of Consumer Affairs and Business Regulation today announced the next step in its goal to modernize and simplify the Home Improvement Contractor registration requirement with the introduction of online registration renewal capabilities. More
Baker-Polito Administration Names Commissioner of Banks
Boston, MA (September 22, 2016) – Today Governor Charlie Baker appointed Terence A. McGinnis to Commissioner of the Division of Banks, a regulatory agency under the Office of Consumer Affairs and Business Regulation. Mr. McGinnis comes to the Executive Branch from Eastern Bank, where he served as General Counsel and Secretary of Massachusetts’ largest state-chartered bank since 2004. As Commissioner, McGinnis will now oversee the supervision of more than 200 banks and credit unions with total combined assets in excess of $400 billion. More
Office of Consumer Affairs and Business Regulation Hosts Cybersecurity for Financial Services Conference
Boston, MA (September 12, 2016) – The Massachusetts Office of Consumer Affairs and Business Regulation is partnering with law enforcement and security experts on Tuesday, September 13th to present best practices for achieving and maintaining effective cybersecurity for financial services companies. Cybersecurity is now a top priority of enterprise risk management, and one of the most challenging. More
State Treasurer’s Office and Division of Banks Announce High School Grant Recipients of The Financial Literacy Education Innovation Fund
Boston, MA State Treasurer Deborah B. Goldberg and the Division of Banks announced today the 2016-2017 recipients of Financial Education Innovation Fund grants, an initiative that provides capital to expand Credit for Life and financial education 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
Office of Consumer Affairs and Business Regulation Introduces Online Registration for Home Improvement Contractors
Boston, MA (August 23, 2016) – The Office of Consumer Affairs and Business Regulation today announced the introduction of an online registration portal for first-time registrants of the Home Improvement Contractor program. More
The Office of Consumer Affairs And Business Regulation Wants to Hear From You!
Five scheduled consumer listening sessions seek to hear what issues consumers are concerned with and their recommendations for improvements to consumer protections and rights. More
New regulations governing the Home Improvement Contractor Registration and Arbitration/Guaranty Fund programs became effective June 3. Unofficial copies are available for review.
Office of Consumer Affairs and Business Regulation Introduces Online Data Breach Notification
Boston, MA (May 25, 2016) — The Office of Consumer Affairs and Business Regulation today announced the introduction of an electronic data breach submission portal aimed at simplifying the notification requirement for individuals and businesses by providing a standard form to collect specific information required by law relative to a data breach. More
Home Improvement Contracting: Nail Everything Down Before You Start!
By John Chapman
The Office of Consumer Affairs and Business Regulation is engaged this spring in a public awareness campaign for its Home Improvement Contractor Program. In the following article, Undersecretary John Chapman writes about the importance for homeowners to be aware of the steps they should be taking before hiring a registered home improvement contractor. More