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Description: The CalAccount Blue Ribbon Commission is directed to conduct and deliver a market analysis no later than July 1, 2024, to determine if it is feasible for the state to implement a CalAccount program, which, among other specified characteristics detailed in Title 21.1, would be designed to protect consumers who lack access to traditional banking services from predatory, discriminatory, and costly alternatives, and to offer state residents access to a voluntary, zero-fee, zero-penalty, federally insured transaction account, and related payment services, including robust and geographically diverse mechanisms for accessing account funds and account management tools that facilitate the automation of basic financial transactions designed to serve the needs of individuals with low or fluctuating income.
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Subject: California. CalAccount Blue Ribbon Commission
Group: State Treasurer
Creator: California. Office of the State Treasurer
Language: English
Coverage: California
Format: Websites
Name: Ma, Fiona
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