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NY A00976
Bill
Status
1/6/2021
Primary Sponsor
Rebecca Seawright
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AI Summary
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Amends a 2020 law to replace the requirement for a formal study on consumer financial awareness with a requirement that the Department of Financial Services provide consumer financial literacy information on its website by January 1, 2022.
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Website information must include basic banking and personal financial management, credit score determination and credit building, investment and savings options, personal information protection, and other topics deemed appropriate by the superintendent.
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Requires all state agencies and authorities to submit relevant financial education information to the department by November 1, 2021, and annually thereafter with revisions and updates.
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Department must post all information in printable format on its website and update it as necessary but no less than annually.
Legislative Description
Directs a study of the status of consumer awareness and financial education in New York state to instead require that the department of financial services website provide information to enhance consumer financial literacy and consumer awareness which shall include information on basic banking and personal financial management, how credit scores are determined and ways to establish good credit, options for investing and increasing savings, best practices for protecting personal information, and any other topics deemed appropriate by the superintendent.
Last Action
substituted by s876
1/25/2021