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NY A08794
Bill
Status
11/27/2017
Primary Sponsor
Ron Kim
Click for details
AI Summary
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Establishes an Office of Financial Services for New Americans within the Department of Financial Services, headed by a Chief Financial Advisor for New Americans appointed by the superintendent.
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Requires the office to develop and implement programs and initiatives to assist immigrant communities with financial literacy, navigating financial institutions, borrowing/lending/investing, and building credit.
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Authorizes the office to conduct workshops on financial topics and provide financial assistance and guidance to immigrant communities.
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Empowers the office to advocate on behalf of immigrants in dealings with banks, financial institutions, and credit bureaus.
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Takes effect immediately upon enactment.
Legislative Description
Relates to the creation of the office of financial services for new Americans for the purpose of assisting immigrant communities in gaining financial knowledge and understanding.
Last Action
referred to banks
1/3/2018