Working Group for Survivor Financial Safety and Inclusion
This act establishes a working group to study how financial institutions can better support survivors of economic abuse. The goal is to enhance financial safety and inclusion for these individuals, including those in underserved communities. Citizens can expect improved financial products and procedures designed to protect them from financial exploitation.
Key points
Creation of an expert working group to combat economic abuse, often affecting domestic violence survivors.
Investigation into how financial institutions can safely collect data on financial abuse tactics and their impact on consumers.
Development of new financial products and services tailored to meet the financial and safety needs of survivors.
Consideration of the needs of rural, low-income, and federally recognized Indian Tribe communities, who often have limited access to banking services.
Status:
Expired
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