S 4228 NY

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This bill prohibits certain financial institutions from charging fees for periodic paper statements when those statements are required as part of an application for public assistance benefits. Many individuals applying for public assistance programs must provide bank statements to verify income and assets. Paper statements may be required instead of electronic alternatives for certain applications. By prohibiting fees for these necessary statements, the bill removes a barrier for low-income individuals accessing public benefits. Specific details about which financial institutions are covered and which public assistance programs trigger this prohibition are not included in the available summary.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.