The Skyline: How Two States Are Leveraging Their Unique Powers to Boost Financial Empowerment

As the federal government has stepped back from local support, state governments have made exciting inroads to support residents’ financial stability. In New York, Governor Kathy Hochul and the Department of Financial Services issued innovative guidance around low-cost banking, deploying creative ways to modernize and advance banking access through regulatory infrastructure. And in Colorado, Attorney General Phil Weiser oversaw the establishment of a state Office of Financial Empowerment to centralize and expand collaborative financial empowerment initiatives and consumer financial protection awareness.

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