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NY A08292

Bill

Official Source

Status

Introduced

10/6/2021

Primary Sponsor

Patricia Fahy

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Superintendent of Financial Services must conduct a study of overdraft fees in New York State
  • Study shall examine total overdraft fees paid, geographical distribution, communities with high rates and reasons, percentage of fees reduced through negotiation, and consumer rights related to fee negotiations
  • Superintendent must deliver findings report to the governor, temporary president of the senate, and speaker of the assembly no later than twelve months after the act takes effect
  • Report shall be posted on the Department of Financial Services website
  • Act takes effect immediately

Legislative Description

Directs the superintendent of financial services to study overdraft fees and prepare a report to be delivered to the governor, the temporary president of the senate and the speaker of the assembly.

Last Action

substituted by s9348

5/31/2022

Committee Referrals

Rules5/25/2022
Ways and Means4/26/2022
Banks10/6/2021

Full Bill Text

No bill text available