Senate passes HB 945 after floor fight over 'debanking' amendment After extensive debate and multiple floor amendments, the Georgia Senate passed House Bill 945 — a 40‑page banking and finance cleanup measure addressing transaction holds for suspected financial exploitation, virtual currency kiosk rules, and tighter oversight of litigation financing. A high-profile amendment to restrict alleged "debanking" was defeated before the bill passed 50–0.

The Georgia Senate has passed a sweeping banking bill that aims to protect vulnerable adults from financial exploitation while stirring up heated debate over controversial amendments.

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Committee Approves Bill to Move Securities Oversight to Department of Banking and Finance The Banking and Finance Committee advanced House Bill 934 to transfer state securities and commodities oversight from the Secretary of State to the Department of Banking and Finance, after debate over implementation risks, data and IT migration, and the recent First Liberty investor losses.

Georgia's Banking and Finance Committee just advanced a controversial bill that could shift securities oversight from the Secretary of State, igniting fierce debates over investor protection and potential operational chaos.

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Banking regulator highlights MALPB charters, IT recovery and AI confidentiality needs The banking commissioner described the department's expanded business lines including registration of litigation finance companies, support for Georgia's merchant-acquirer limited-purpose bank (MALPB) charters, and IT investments to shorten backup recovery times and ensure AI tools preserve confidential data.

Georgia's banking commissioner unveils groundbreaking strategies to enhance financial operations, from registering litigation finance firms to pioneering AI solutions that safeguard confidential data.

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#GA #WorkforceDevelopment #FinancialInnovation #GeorgiaBanking

Fiserv prepares to process $1.8 trillion as Georgia bank charter rules tighten Fiserv expects to process transactions after obtaining a charter with tightened regulatory changes.

Georgia's banking landscape is set for a transformation as Fiserv secures a charter to process an astonishing $1.8 trillion in transactions amid tightening regulations.

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#GA #FinancialRegulation #BankingInnovation #EconomicDevelopment #CitizenPortal #GeorgiaBanking