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NY A03273
Bill
Status
1/22/2021
Primary Sponsor
Ron Kim
Click for details
AI Summary
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Establishes the Office of Financial Services for New Americans within the Department of Financial Services, headed by a Chief Financial Advisor appointed by the Superintendent.
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Authorizes the office to develop programs and initiatives assisting immigrant communities with financial literacy, navigating financial institutions, borrowing/lending/investing, and building credit.
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Empowers the office to conduct financial workshops, provide financial assistance and guidance to immigrant communities, and advocate on their behalf 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
1/5/2022