Request for Information from the Public
Income volatility refers to a month-to-month change in income of 25 percent or more. This change may stem from an income loss or an income gain. DCA issued a request for information (RFI) from the public about the impacts that income volatility has on New York City workers, consumers, and businesses and how the regulatory framework, policy landscape, and financial services market might evolve to support the needs of New Yorkers experiencing income volatility. The deadline to submit comments was May 28, 2018.
Through this RFI, DCA seeks to learn more about the potential for regulators, policymakers, and financial services providers to evolve to support the needs of households with volatile incomes. Please monitor nyc.gov/dca
for updates on this topic.