The Improving Access to Financial Coaching Act of 2026 directs the Treasury Department's Office of Consumer Policy to establish a grant program that provides funding to nonprofit organizations, community development financial institutions, and minority-owned banks to offer financial coaching services to consumers. The bill aims to help low- and moderate-income households improve their financial stability, reduce debt, build savings, and access responsible credit through trained financial coaches who provide culturally competent guidance. Eligible organizations must have been operating for at least one year and serve low-income areas or communities with high rates of non-English speakers, and they can use grant funds either for their own coaching programs or to award subgrants to other qualified providers. The legislation authorizes $100 million in funding over three fiscal years (2026 through 2028), with 55 percent allocated to direct coaching services and 45 percent for subgrants and technical assistance. The Treasury Department must also work to develop standardized certification and credentialing practices for financial coaches and the agencies that employ them.
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