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Bill > S01684


NY S01684

NY S01684
Directs the department of financial services to conduct a study on underbanked communities and households in New York state and to make recommendations to improve access to financial services.


summary

Introduced
01/14/2021
In Committee
01/05/2022
Crossed Over
06/02/2021
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

AN ACT to direct the department of financial services to conduct a study on underbanked communities and households in New York state and to make recommendations to improve access to financial services

AI Summary

This bill directs the New York State Department of Financial Services to conduct a study on underbanked communities and households in the state and provide recommendations to improve their access to financial services. The study will analyze the location, demographics, and causes of underbanked communities and households, which are defined as those with insufficient access to banking and investment services. The findings and recommendations of the study must be submitted to the Governor and the Legislature within 12 months of the bill's effective date.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (2)

Last Action

SUBSTITUTED BY A8293 (on 03/03/2022)

bill text


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