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Senate Bill S8462

2017-2018 Legislative Session

Directs the department of financial services and the department of state's consumer protection division to conduct a study on consumer awareness and financial education in New York state

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Banks Committee

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2017-S8462 (ACTIVE) - Details

See Assembly Version of this Bill:
A8737
Current Committee:
Senate Banks
Law Section:
Financial Services
Versions Introduced in 2019-2020 Legislative Session:
S2397, A6070

2017-S8462 (ACTIVE) - Summary

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.

2017-S8462 (ACTIVE) - Sponsor Memo

2017-S8462 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8462
 
                             I N  S E N A T E
 
                                May 8, 2018
                                ___________
 
 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:
 
   Section 1. The superintendent of financial  services,  in  conjunction
 with  the  commissioner  of  the  New York state department of state are
 hereby authorized and directed to prepare or have prepared  a  study  of
 the  status  of  consumer  awareness and financial education in New York
 state and to provide recommendations for a consumer awareness and finan-
 cial education program for all New  York  state  consumers.  Such  study
 shall include, but not be limited to, an analysis of consumer and finan-
 cial  education provided to New York state consumers, the amount of debt
 incurred by age, gender and location in New York state, access to  bank-
 ing  services  by age, gender and location in New York state, and access
 to investment services by age, gender and location in New York state.
   § 2. Such study and recommendations shall be completed  within  twelve
 months of the effective date of this act.
   § 3. This act shall take effect on the one hundred twentieth day after
 it shall have become a law and the results of such study and the remedi-
 al  plan  shall be provided to the governor and the legislature no later
 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.
                                                            LBD13462-01-7

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