Enacts the pro-banking act to mandate acceptance of the New York city identity card as a primary form of identification at all covered entities.
The pro-banking act mandates acceptance of the New York city identity card as a primary form of identification at all covered entities, including all banking organizations, foreign banking corporations, and interstate branches. The act defines "New York city identity card" and "covered entity" and requires covered entities to accept the card for account-opening purposes. If a customer's card does not contain a residential or business street address, the entity shall not deny account-opening services if the customer can provide an alternative address.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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