National Urban League Applauds Introduction of Improving Access to Financial Coaching Act of 2026
The National Urban League has applauded the introduction of the Improving Access to Financial Coaching Act of 2026, a bill designed to expand access to free, high-quality financial coaching for working families and underserved communities across the United States. Introduced by Representative Sylvia Garcia, the legislation aims to establish a federal grant program within the U.S. Department of the Treasury. This program would support nonprofit organizations, financial institutions, and community-based groups in providing one-on-one financial guidance. The bill proposes an annual investment of $100 million to enhance financial coaching services and bolster the capacity of community-based providers. These services are intended to help individuals build savings, reduce debt, improve credit, and access secure financial products. The National Urban League, alongside a coalition of national organizations including UnidosUS and the Local Initiatives Support Corporation, helped shape this legislation, emphasizing ...