Establishes a banking development district working group to assess the banking development district program and provide an annual report on its.
New York A05167 creates a banking development district working group to evaluate the banking development district program. The group must submit an initial assessment within one year of the bill's effective date, and annual reports thereafter. The assessment includes the number of participating branches, their locations, the number of unbanked and underbanked individuals, the program's effectiveness, and recommendations for improvement.
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