Bill > S02011

This bill directs the New York Department of State and Public Service Commission to conduct a comprehensive study on how public utilities, cable television companies, and cellular telephone service providers report consumers' late payments and payment defaults to credit reporting agencies. The agencies are required to jointly examine the prevalence of such reporting practices, with a particular focus on understanding how these reports impact consumers. They will hold public hearings throughout the state to gather information and by December 31, 2026, must submit a detailed report to the governor and legislature that includes their findings, conclusions, and recommended regulatory or legislative changes to protect consumers. The study aims to evaluate the current practices of reporting consumer payment information and potentially develop new protections for consumers against potentially harmful credit reporting. The bill will take effect immediately and automatically expire on January 1, 2027, ensuring the study is time-limited and focused.

Budget and Finance, Business and Industry, Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S2011