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NY A08293

Bill

Official Source

Status

Passed

5/5/2022

Primary Sponsor

Patricia Fahy

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Directs the superintendent of financial services to prepare a study of underbanked communities and households in New York state
  • Study must include analysis of location, demographics, and causes of underbanked communities and households
  • Superintendent must provide recommendations to improve access to financial services for underbanked populations
  • Study and recommendations must be completed and submitted to the governor and legislature within 12 months of the act's effective date
  • Defines "underbanked" 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

signed chap.183

5/5/2022

Committee Referrals

Banks2/28/2022
Banks10/6/2021

Full Bill Text

No bill text available