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NY A05453
Bill
Status
2/16/2021
Primary Sponsor
Inez Dickens
Click for details
AI Summary
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Amends Banking Law Section 28-c to expand the superintendent's authority to receive detailed information about planned branch closings to include federally chartered banking organizations, not just state-chartered ones.
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Requires banking organizations to provide information on alternative financial services available in areas affected by branch closings and the economic impact on communities.
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Authorizes the superintendent to conduct meetings with banking organizations and community groups in areas where branch closings are planned.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes the New York state department of financial services to oversee the planned closing of bank branch offices by federally chartered banking organizations.
Last Action
referred to banks
1/5/2022