Bill > SCR62

This concurrent resolution urges the President and Congress of the United States to pass legislation requiring federally-regulated banks and financial institutions to provide free paper account statements to elder adults. The resolution highlights that while many banking customers have transitioned to online banking, many seniors do not own or comfortably use computers and electronic devices, making it difficult for them to access electronic statements. Currently, federal law permits banks to charge fees for paper statements, which can create a financial burden and accessibility challenge for older adults. The resolution references Assembly Bill No. 1728 from New Jersey's 2020-2021 legislative session as a model, which would mandate that state-regulated institutions provide free paper statements to elder adults. By calling on the federal government to enact similar legislation, the resolution aims to ensure that elder adults can easily and affordably access their financial account information without being required to use digital technology.

Health and Social Services

https://www.njleg.state.nj.us/bill-search/2024/SCR62