Provides for the licensure and regulation of payments banks. (BDR 55-999)

AB 500 establishes a new licensing and regulatory framework for "payments banks" under Nevada’s Commissioner of Financial Institutions. It allows these banks to offer services like sending money, holding deposits, and processing credit card transactions - similar to traditional banks - but explicitly prohibits them from making loans or engaging in loan-related activities. Payments banks must pay a small fee (0.0025% per transaction) on merchant services, maintain FDIC insurance for deposits (or secure alternative coverage), and meet strict capital requirements. The bill directly affects payments banks operating in Nevada, the Commissioner’s office (as regulator), and merchants using these services.