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Committee considers statewide pilot to expand financial empowerment centers for adults
Summary
House Bill 801 would create a two-year financial empowerment center (FEC) pilot program administered by the comptroller, extending services such as one-on-one certified financial counseling beyond existing municipal centers. Sponsors and municipal officials said FECs produce measurable debt reduction, credit improvements and increased savings for
Delegate Luke (spoke as sponsor in transcript as Delegate Spiegel) presented House Bill 801, which would establish a Financial Empowerment Center pilot network administered through the comptroller’s office. Advocates said the model — already operating in Gaithersburg and Baltimore and in planning in Howard County — provides free, one-on-one financial counseling and…
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