Search Results for keywords:"underbanked communities"

Search Results: keywords:"underbanked communities"

H. R. 758 — To require the appropriate Federal banking agencies to establish a 3-year phase-in period for de novo financial institutions to comply with Federal capital standards, to provide relief for de novo rural community banks, and for other purposes.
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December 03, 2024
Status:Reported in House
Congress:118
Words:1,300
H.R. 758 is a bill that aims to support new (de novo) financial institutions by giving them three years to meet federal capital standards, easing the initial financial burden. The bill also offers special relief to rural community banks by setting an 8% Community Bank Leverage Ratio and...
Simple Explanation
H.R. 758 is a plan to help new banks and small country banks build up their money slowly over three years, so they have an easier start. It also lets banks give loans for farms and looks into why we don't see many new banks popping up in certain places.
S. 3835 — To establish an interagency Working Group to study financial safety and inclusion for survivors, and for other purposes.
February 29, 2024
Status:Introduced in Senate
Congress:118
Words:2,149
S. 3835, known as the "Survivor Financial Safety and Inclusion Working Group Act," aims to create an interagency working group focused on the financial safety and inclusion of individuals who have survived domestic violence and economic abuse. This group will study how...
Simple Explanation
This bill wants to make a special team to help people who have been hurt by bad people taking their money or not letting them use their money. This team will look at how banks and money places can be kinder and safer for these people and will tell grown-ups in charge how they can make this better every year.

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