NY A07952

Directs the superintendent of financial services to prepare a study on underbanked communities and households in New York state.

Study must analyze the location and demographics of underbanked communities and households, and identify the causes of underbanking in New York state.

Superintendent must provide recommendations to improve access to financial services in underbanked communities and households.

Study and recommendations must be completed and submitted to the governor and legislature within twelve months of the act's effective date.

Defines "underbanked" as having insufficient access to financial institutions for banking and investment services.