Bill Sponsor Shares Proposed Amendment to Clarification of Maine's Ban on Paper Statement Fees Ahead of Wednesday Work Session

Ahead of a scheduled legislative work session, The Maine Wire reported that Senator Bailey, as the sponsor of LD 2061 (An Act to Clarify the Prohibition on Paper Billing Statement Fees), shared a proposed amendment to sharpen the bill's language and close loopholes in Maine's existing ban on paper statement fees. The proposed changes aimed to ensure that financial institutions cannot sidestep the consumer protection law through definitional technicalities, providing Mainers clearer and more enforceable protections.

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