Bill
Bill > A01496
NY A01496
NY A01496Provides that any charges assessed by a credit card company for late payment shall not exceed one and one-half percent of the unpaid balance of any bill or fifteen dollars.
summary
Introduced
01/17/2023
01/17/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the general business law, in relation to credit card late charges
AI Summary
This bill amends the general business law to limit credit card late payment fees to either 1.5% of the unpaid balance or $15, whichever is less. The bill aims to protect consumers from excessive late charges by credit card companies.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
referred to consumer affairs and protection (on 01/03/2024)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Consumer Finance and Credit, including Credit Cards
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A1496 | 01/17/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A01496&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01496 | 01/17/2023 |
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