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NY A01570
Bill
Status
1/17/2023
Primary Sponsor
Latoya Joyner
Click for details
AI Summary
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Prohibits banks, banking corporations, and financial services companies from imposing any fees for benefit banking services related to electronic benefit transfer cards.
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Defines "benefit banking services" to include deposit, disbursement, reconciliation, reporting, and electronic cash management for state benefit programs.
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Covers electronic benefit transfer cards issued for medical assistance, food stamps, public assistance, unemployment insurance, occupational training, adoption subsidies, and child support programs.
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Prohibits automated teller machine operators and owners from charging fees for benefit banking services related to electronic benefit transfer cards.
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Takes effect immediately and applies to all current and future contracts for benefit banking services, regardless of existing contract terms.
Legislative Description
Prohibits fees for any service rendered through a bank relating to the use of an electronic benefit transfer card issued by the state or certain departments or agencies thereof.
Last Action
enacting clause stricken
1/10/2024