AARP Nebraska has awarded state Sen. Eliot Bostar, of Lincoln (District 29), as the recipient of its Community Fraud Fighter Award. This AARP award represents a select, bipartisan group of elected officials, law enforcement, and other partners across the country who have made significant efforts to prevent fraud.
Bostar introduced the bipartisan Controllable Electronic Record Fraud Prevention Act during the recent legislative session Effective Sept. 2, the new law, under the Nebraska Money Transmitters Act, mandates licensing for operators of cryptocurrency kiosks in the state and establishes daily transaction limits of $2,000 for new customers and $10,000 for existing customers using these machines. The law also requires clear written warnings to raise scam awareness, transaction receipts to aid criminal investigations, capped fees at 18% to prevent excessive charges, and refunds for fraudulent transactions reported within 30 days—full refunds for new customers and fee refunds for existing customers.
PHOTO: Nebraska State Senator Eliot Bostar of Lincoln – District 29. (Courtesy photo)
