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Bill > A08293


NY A08293

NY A08293
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
10/06/2021
In Committee
02/28/2022
Crossed Over
03/03/2022
Passed
04/27/2022
Dead
Signed/Enacted/Adopted
05/05/2022

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, which refers to those with insufficient access to banking and investment services. The study will analyze the location and demographics of these underbanked areas and the causes behind them, and provide recommendations to improve access to financial services. The study and recommendations must be completed and submitted to the Governor and the Legislature within 12 months of the bill's effective date.

Committee Categories

Business and Industry

Sponsors (12)

Last Action

signed chap.183 (on 05/05/2022)

bill text


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