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NY S09348

Bill

Official Source

Status

Passed

7/15/2022

Primary Sponsor

James Sanders

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Superintendent of Financial Services must conduct a study of overdraft fees in New York State
  • Study must examine total overdraft fees paid, geographical distribution, communities with high rates, percentage of fees reduced through negotiation, and consumer rights related to fee negotiations
  • Superintendent must deliver findings report to the Governor, President of the Senate, and Speaker of the Assembly no later than twelve months after the act's effective date
  • Report must be posted on the Department of Financial Services website
  • Act takes effect immediately upon passage

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

SIGNED CHAP.380

7/15/2022

Committee Referrals

Ways and Means5/31/2022
Rules5/25/2022
Banks5/18/2022

Full Bill Text

No bill text available