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NY A02059
Bill
Status
1/22/2019
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, led by a Chief Financial Advisor appointed by the superintendent.
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Requires the office to develop and implement programs assisting immigrant communities with financial literacy, navigating financial institutions, borrowing/lending/investing, and building credit.
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Authorizes the office to conduct financial workshops, provide financial assistance and guidance to immigrant communities, and 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
1/8/2020