S1492 — Requires 10% of the penalties imposed by the superintendent of financial services to be deposited in the community development financial institution fund

S1492 — Requires 10% of the penalties imposed by the superintendent of financial services to be deposited in the community development financial institution fund · Informed CitizenryThe bill amends both the banking law and the insurance law to dedicate ten percent of penalties imposed by the superintendent of financial services into the community development financial institut…Open in Informed Citizenry