Loading chat...
CA AB2006
Bill
AI Summary
-
Authorizes credit unions to sell checks and money transfer instruments (including domestic and international electronic funds transfers) to natural persons in their field of membership, regardless of membership status.
-
Permits credit unions to cash checks and similar money transfer instruments and receive electronic fund transfers for non-members in their field of membership.
-
Allows credit unions to charge fees for these services, capped at the actual cost of providing them.
-
Amends California Financial Code Section 14800.1 to create exceptions to existing prohibitions on extending credit union benefits to non-members.
Legislative Description
Credit union services.
Last Action
Chaptered by Secretary of State - Chapter 246, Statutes of 2012.
9/7/2012
Committee Referrals
Rules4/26/2012
Banking and Finance3/8/2012
Full Bill Text
No bill text available