Establishes a banking development district working group to assess the banking development district program and provide an annual report to the.
The bill creates a banking development district working group to assess the banking development district program and provide an annual report to the governor and legislature. The report includes the number of participating branches, the program's impact on unbanked and underbanked individuals, and recommendations for future goals. The working group consists of representatives from various financial and governmental entities. The bill also defines "unbanked" and "underbanked" individuals and mandates an assessment within one year of the bill's effective date.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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