New Jersey SCR103 urges President and Congress to mandate paper account statements for elder adults.
New Jersey SCR103 urges the President and Congress to enact legislation requiring federally-regulated depository institutions to provide periodic paper account statements to elder adults without charge. The resolution highlights that many seniors do not use computers or electronic devices, making electronic statements difficult to obtain. It references Senate Bill No. 2787, which aims to address this issue for state-regulated institutions. The resolution calls for similar federal legislation to ensure elder adults receive necessary account information in a format they can easily access.
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