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Financial Support for Non-English Speakers: New Resources and Assistance.

This act aims to improve access to financial services for individuals who do not speak English or have limited English proficiency. The Community Development Financial Institutions Fund will now offer additional resources and technical assistance to help these individuals better utilize available financial products and services. This means more people will be able to receive support in their native language, making it easier for them to manage their finances.
Key points
The Community Development Financial Institutions Fund (CDFI Fund) must provide assistance and resources for non-English speaking individuals.
Individuals with limited English proficiency will gain better access to information and support regarding financial products.
The act aims to increase financial inclusion for diverse linguistic groups in the United States.
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Additional Information
Print number: 118_HR_2834
Sponsor: Rep. Garcia, Sylvia R. [D-TX-29]
Process start date: 2023-04-25