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NY A05833
Bill
Status
Introduced
2/26/2021
Primary Sponsor
Victor Pichardo
Click for details
AI Summary
- Department of Financial Services superintendent must conduct 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
- Study must include recommendations to make financial services more accessible to underbanked communities and households
- Final study and recommendations must be completed and submitted to the governor and legislature within twelve months of the act's effective date
- "Underbanked" is defined as having insufficient access to financial institutions for banking and investment services
Legislative Description
Directs the department of financial services to conduct a study on underbanked communities and households in New York state and to make recommendations to improve access to financial services.
Last Action
enacting clause stricken
9/15/2021
Committee Referrals
Ways and Means5/19/2021
Banks2/26/2021
Full Bill Text
No bill text available