Maryland Financial Empowerment Center Network Pilot Program to establish a statewide network of financial empowerment centers.
The bill establishes the Maryland Financial Empowerment Center Network Pilot Program within the Office of the Comptroller. The program aims to create a network of financial empowerment centers across different regions of the state. Each center will provide free one-on-one financial counseling and coaching services, including guidance on increasing savings, paying down debt, accessing banking, and improving credit scores. The information will be available in English, Spanish, and any other required languages.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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