ME LD2072

Eliminates administrative fees charged to banks and credit unions based on their volume of consumer loans under the Maine Consumer Credit Code

Extends the newspaper publication deadline for final orders on charter, branch, merger, acquisition, and conversion applications from 5 days to 14 days after promulgation

Removes the alternative process allowing mutual financial institution boards to set their own director compensation with superintendent approval; compensation must now be fixed by corporators or members

Allows Maine-chartered credit unions to participate in loans to nonmembers if the borrower is a member of at least one other participating credit union, and permits participation loans to be secured by out-of-state real estate

Adds the federal Consumer Financial Protection Bureau to the definition of "supervisory agency" for confidential financial records and changes the age threshold for financial exploitation disclosure protections from 62 to 65 years old