Q&A
Protecting low-income New Yorkers from losing access to funds due to delayed hold releases
0:29:52
ยท
80 sec
Discussion on additional measures to protect low-income New Yorkers from losing access to their funds due to delayed hold releases, especially those using government benefits.
- DCWP emphasizes the need to work closely with the law department on bill language
- Suggestion to broaden the disclosure aspect of the bill to ensure all consumers can access the information before transactions
- DCWP expresses willingness to improve bill language to further the goals of consumer protection
Julie Menin
0:29:52
Okay.
0:29:52
Great.
0:29:52
Just to clarify the majority whip, but thank thank you so much.
0:29:55
That that's wonderful.
0:29:56
I we will make sure that that that she knows that.
0:29:59
The last one is given the significant impact on individuals using government benefits, what additional measures can be taken to protect low income New Yorkers from losing access to their funds due to delayed hold releases?
Carlos Ortiz
0:30:21
I think, yeah, I think, I think for us, you know, one thing to note is I I know we always work very closely with the law department on these sort of bills.
0:30:30
I I think in terms of regulating any any of these spaces, we wanna make sure that we bring them in the conversation as well.
0:30:35
They have a lot of expertise for us here that we can use to make sure we're tightening up any any any language, for these bills.
Andrew Schwenk
0:30:43
I would also just add to that.
0:30:44
I think, we've we've already had some ideas on how we'd like to, I think, improve some of the language in the bill to, broaden both the disclosure, aspect here to to make sure all consumers who are using, gas stations can can see and access this language prior to making the transaction.
Julie Menin
0:31:01
Mhmm.
Andrew Schwenk
0:31:02
And so that could be a a a piece that would that would assist in, you know, furthering the goals of this bill to make sure consumers know before swiping their card what's gonna happen on the back end.