On June 25, the Governor of Rhode Island signed into law H 7282 (the “Act”) amending certain provisions of the state’s Title 19 on Financial Institutions and adding new consumer protections. Among other things, the amendments to the Act (i) updated the term “Federal Office of Thrift Supervision” to “Federal Reserve System,” (ii) clarified that the term “Tangible net worth” meant “the aggregate assets of a licensee excluding all intangible assets, less liabilities” in accordance with GAAP, and (iii) increased the minimum capital requirements for currency transmission licensees. The Act further restricted student loan servicers from withholding student transcripts from delinquent borrowers, removed a provision allowing deposit of securities in lieu of bonds, and added provisions on permissible investments for licensees, including cash, certificates of deposit, obligations of the United States, letters of credit with stipulations, or surety bonds.