Improving Access to Financial Coaching Act of 2026

The Improving Access to Financial Coaching Act of 2026 establishes a federal grant program to support financial coaching services for individuals and households, particularly those with low and moderate incomes, racial and ethnic minorities, and residents of rural areas. Administered by the Department of the Treasury's Office of Consumer Policy, the program awards grants to eligible nonprofit organizations, community development financial institutions, and minority depository institutions. These funds are intended to help recipients provide or subgrant financial coaching services to improve consumer financial well-being, manage debt, and build savings. Additionally, the bill directs the Treasury to develop standardized practices for certifying financial coaches and the agencies that employ them, aiming to enhance service quality. The act authorizes $100 million for appropriations for fiscal years 2026 through 2028 to fund these initiatives.