Directs the New York state department of financial services and the New York state department of state's consumer protection division to conduct a study on consumer awareness and financial education in New York state and to make recommendations for a consumer awareness and financial education program.
STATE OF NEW YORK
________________________________________________________________________
2397
2019-2020 Regular Sessions
IN SENATE
January 24, 2019
___________
Introduced by Sen. COMRIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks
AN ACT to direct the New York state department of financial services and
the New York state department of state's consumer protection division
to conduct a study on consumer awareness and financial education in
New York state and to make recommendations for a consumer awareness
and financial education program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The superintendent of financial services, in conjunction
2 with the commissioner of the New York state department of state are
3 hereby authorized and directed to prepare or have prepared a study of
4 the status of consumer awareness and financial education in New York
5 state and to provide recommendations for a consumer awareness and finan-
6 cial education program for all New York state consumers. Such study
7 shall include, but not be limited to, an analysis of consumer and finan-
8 cial education provided to New York state consumers, the amount of debt
9 incurred by age, gender and location in New York state, access to bank-
10 ing services by age, gender and location in New York state, and access
11 to investment services by age, gender and location in New York state.
12 § 2. Such study and recommendations shall be completed within twelve
13 months of the effective date of this act.
14 § 3. This act shall take effect on the one hundred twentieth day after
15 it shall have become a law and the results of such study and the remedi-
16 al plan shall be provided to the governor and the legislature no later
17 than eighteen months from the beginning of such study.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08692-01-9
