NY A10567

Requires the superintendent of financial services to assess banking institutions' performance in meeting credit needs of their entire communities, including low and moderate-income neighborhoods and minority- and women-owned businesses.

Adds minority- and women-owned businesses as a specific consideration factor when evaluating banks' participation in community development, redevelopment projects, technical assistance programs, and small business lending.

Mandates that assessments be conducted in writing and made available to the public upon request, based on review of filed reports and signed written community comments.

Establishes specific evaluation criteria including geographic distribution of credit extensions, office operations, participation in governmentally-insured loan programs, and availability of electronic banking services across all branches.

Takes effect 120 days after enactment, with authority granted to implement necessary regulatory rules and regulations immediately upon passage.