NY A06697

Requires all banking institutions operating in New York State to follow guidelines issued by the Department of Financial Services regarding valid identification for banking transactions and services.

Mandates the Department of Financial Services complete a review of consular identifications issued by foreign governments to citizens living in New York State by September 1, 2019.

Requires the Department of Financial Services to issue identification guidelines to banking institutions by November 1, 2019.

Directs the Department of Financial Services to examine how deferred action for childhood arrivals (DACA) and registered provisional immigrant status documentation can be used to open bank accounts and report findings by September 1, 2019.

Defines "banking institution" to include banks, trust companies, savings banks, savings and loan associations, licensed foreign banks, and credit unions.