Committee
New York Assembly Banks Committee
Links
committee members
Khaleel Anderson (D)
Paul Bologna (R)
Chris Burdick (D)
Pat Burke (D)
Lester Chang (R)
Patrick Chludzinski (R)
Brian Cunningham (D)
Landon Dais (D)
Manny De Los Santos (D)
Dave DiPietro (R)
Mike Fitzpatrick (R)
Larinda Hooks (D)
Chantel Jackson (D)
Grace Lee (D)
John Lemondes (R)
John Mikulin (R)
Marcela Mitaynes (D)
Andrew Molitor (R)
Steven Raga (D)
Nader Sayegh (D)
Amanda Septimo (D)
Robert Smullen (R)
Steve Stern (D)
Yudelka Tapia (D)
Al Taylor (D)
Emerita Torres (D)
Chair
Clyde Vanel (D)
David Weprin (D)
Aron Wieder (D)
Jordan Wright (D)
Kalman Yeger (D)
| Bill | Bill Name | Progress | Referral Date |
|---|---|---|---|
| A00117 | Requires banks to report to the superintendent annually on the amount of revenue earned from overdraft fees; prohibits banks from imposing overdraft fees during a ten day grace period; regulates the imposition of overdraft and NSF fees. | In Committee | 01/08/2025 |
| A00148 | Imposes a fee of not less than twenty per centum of transaction amounts equal to or exceeding one thousand dollars on customers who initiate international wire transfers without a valid social security number or taxpayer identification number. | In Committee | 01/08/2025 |
| A00163 | Enacts the "community financial services access and modernization act"; modernizes existing statute to reflect the full scope of financial services available at neighborhood "check cashing" establishments; provides for a comprehensive regulatory framework for the delivery of the expanded financial services currently being offered. | In Committee | 01/08/2025 |
| A00258 | Provides for the licensing and regulation of income access services in the state. | In Committee | 01/08/2025 |
| A00390 | Requires transmitters of money to provide a warning which informs consumers of certain fraudulent activities that may occur. | In Committee | 01/08/2025 |
| A00421 | Includes establishing a branch in a banking development district as a factor indicating that a banking institution is helping to meet the credit needs of its entire community for purposes of assessing such banking institution. | Signed/Enacted/Adopted | 01/08/2025 |
| A00424 | Relates to notice of the posting and modification of a pamphlet on residential mortgages of which such information shall be provided to mortgage bankers and banking organizations. | Signed/Enacted/Adopted | 01/08/2025 |
| A00431 | Provides that each student loan servicer shall submit an annual report containing a list of all private education creditors associated with the private education debts serviced by the student loan servicer that are owed by persons who resided in New York during the prior calendar year and containing additional information for each private education creditor reported. | Signed/Enacted/Adopted | 01/08/2025 |
| A00639 | Directs the development of materials to be provided to new employees relating to student loan repayment information. | In Committee | 01/08/2025 |
| A00682 | Relates to the regulation and licensing of employer-integrated and non-verified on-demand pay providers. | In Committee | 01/08/2025 |
| A00773 | Relates to the use of automated lending decision-making tools by banks for the purposes of making lending decisions; allows loan applicants to consent to or opt out of such use. | In Committee | 01/08/2025 |
| A00837 | Enacts the "the empire state enhanced public payment system act" directing the department of financial services to develop, establish, and maintain a value storage and payment platform consisting of a digital master account and coordinate a system of individual wallets that enable payments to move between such individual wallets or payment accounts for use of New York residents. | In Committee | 01/08/2025 |
| A00969 | Requires all banking organizations to have a notary public available during business hours; permits banking organizations to charge a fee for such service. | In Committee | 01/08/2025 |
| A01022 | Relates to establishing the banking bill of rights; includes due process requirements regarding applications for or closure of credit and deposit accounts and penalties for noncompliance. | In Committee | 01/08/2025 |
| A01222 | Allows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations. | In Committee | 01/09/2025 |
| A01515 | Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports. | In Committee | 01/10/2025 |
| A01605 | Establishes the savings bank, savings and loan association or credit union municipal deposit program. | In Committee | 01/10/2025 |
| A01716 | Prohibits lenders from blocking access to funds from a credit line mortgage. | In Committee | 01/14/2025 |
| A01721 | Requires banks to send account notifications in certain circumstances. | In Committee | 01/14/2025 |
| A01799 | Prohibits certain financial institutions from charging a fee for periodic paper statements when such statements are required for an application for public assistance. | Crossed Over | 01/14/2025 |
| A01887 | Relates to establishing the empire state public bank to use the state's depository assets to generate additional benefit for the people and the economy of the state. | In Committee | 01/14/2025 |
| A02692 | Establishes a working group to create a pilot program for an alternative system to a credit score for unbanked persons, undocumented immigrants and any other individuals who would benefit from such alternative system. | In Committee | 01/22/2025 |
| A02739 | Requires a mortgagee to accept and apply payments. | Crossed Over | 01/22/2025 |
| A03144 | Requires 10% of the penalties imposed by the superintendent of financial services to be deposited in the community development financial institution fund. | In Committee | 01/23/2025 |
| A03279 | Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state. | Crossed Over | 01/27/2025 |
| A03304 | Prohibits fees for any service rendered through a banking organization relating to the use of an electronic benefit transfer card issued by the state or certain departments or agencies thereof. | In Committee | 01/27/2025 |
| A03348 | Provides that any person who has been injured by reason of any violation of any such rules, regulations or policies as the superintendent may promulgate may bring an action in such person's own name; assert a counterclaim; or, if an action is commenced by the mortgagee or anyone acting on its behalf, bring a third party claim, against either the mortgagee and/or the mortgage servicer to enjoin any violations thereof; authorizes damages; makes related provisions. | In Committee | 01/27/2025 |
| A03428 | Creates the consumer overdraft protection act to ensure that consumers are informed of their options in regard to overdraft protection. | In Committee | 01/27/2025 |
| A03459 | Relates to civil penalties for certain fraud or misrepresentation of a material fact with respect to a financial product or service. | In Committee | 01/27/2025 |
| A03464 | Requires student financial aid award letters to contain information on net costs, defined as an estimate of the costs of attendance after financial aid which does not require repayment and options for loans which do require repayment. | In Committee | 01/27/2025 |
| A03539 | Establishes the savings bank, savings and loan association or credit union municipal deposit program; defines terms; provides that a credit union accepting deposits of public money is subject to certain limitations and shall pledge assets or furnish other security satisfactory in form and amount to the depositor, for the repayment of monies held in the name of such depositor, when required to be secured by applicable law, decree, or regulation. | In Committee | 01/28/2025 |
| A03695 | Requires individuals who perform compliance functions, duties or tasks to obtain a compliance officer or compliance practitioner license; establishes application and examination requirements to obtain, and continuing education requirements to maintain, licensure; permits the superintendent to issue licensing procedures and to prescribe regulations necessary for the proper supervision of compliance officers and practitioners. | In Committee | 01/30/2025 |
| A04086 | Enacts the "Excelsior Opportunity Accounts Act"; establishes a special fund for EO accounts within the department of financial services for certain eligible individuals born after December 31, 2027, who reside in the state, are under age 18, with household income not exceeding 700% of the poverty level; provides for contribution and investment of monies of fund. | In Committee | 01/31/2025 |
| A04144 | Prohibits state chartered banking institutions from investing in and providing financing for private prisons. | In Committee | 01/31/2025 |
| A04327 | Prohibits the inclusion of a confession of judgment in a contract or agreement for a financial product or service. | In Committee | 02/04/2025 |
| A04582 | Prohibits a state chartered banking institution from providing financing to a landlord who has engaged in certain bad faith acts. | In Committee | 02/04/2025 |
| A04806 | Relates to the reporting of suspected financial exploitation; requires the superintendent of the department of financial services to develop guidelines relating to reporting suspected financial exploitation; provides that a third party who reports suspected financial abuse shall have immunity from any civil or criminal liability as a result. | In Committee | 02/06/2025 |
| A04810 | Relates to the application of certain provisions relating to commercial financing; provides that liability shall not be imposed on a provider if the actual annual percentage rate charged by the provider differs from the estimated annual percentage rate disclosed by the provider acting in good faith. | Crossed Over | 02/06/2025 |
| A04811 | Establishes a credit union deposit program for the state to deposit a portion of funds under its control into credit unions. | In Committee | 02/06/2025 |
| A04818 | Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations. | In Committee | 02/06/2025 |
| A04829 | Relates to penalties for violations of article fifteen of the executive law committed by mortgage bankers and mortgage brokers; includes such violations as grounds for suspension or revocation of license or registration. | In Committee | 02/06/2025 |
| A04889 | Regulates commercial finance licensing; sets forth the application process for such licensing; makes conforming technical changes thereto. | In Committee | 02/10/2025 |
| A04918 | Provides interest rate limitations for financing arrangements and the extension of consumer credit; relates to the definitions of criminal usury in the first and second degrees; relates to the functions of the attorney general regarding rental purchase agreements. | In Committee | 02/10/2025 |
| A05014 | Enacts the "Home Equity Fraud Act" to control improper activities by home improvement contractors and finance companies; prohibits mortgage brokers or agents from acting as home improvement contractors; provides additional protections for mortgagors and homeowners. | In Committee | 02/10/2025 |
| A05031 | Establishes standards for the closure of bank accounts in the state of New York to include providing notice of closure and the return of funds to account owners. | In Committee | 02/11/2025 |
| A05167 | Creates a banking development district working group to assess the banking development district program and provide an annual report to the governor and legislature on the strengths and weaknesses of such program; defines unbanked and underbanked. | In Committee | 02/12/2025 |
| A05345 | Enacts the uniform special deposits act to provide for special deposits in the state of New York in a manner uniform to other jurisdictions. | Crossed Over | 02/13/2025 |
| A05537 | Relates to licensing consumer debt collectors; sets minimum standards and regulations; establishes penalties for violations. | In Committee | 02/14/2025 |
| A06266 | Establishes requirements for the creation and operation of limited purpose trust companies; establishes how to apply to operate as a limited purpose trust company. | In Committee | 02/28/2025 |
| A06268 | Establishes the "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities. | In Committee | 03/03/2025 |
| A06308 | Establishes a temporary state commission to conduct a feasibility study to evaluate and make recommendations concerning the formation and control of a state public bank; provides if such study finds that the state bank is feasible, the commission may recommend legislation to create a state public bank for New York. | In Committee | 03/03/2025 |
| A06409 | Establishes the bank of Rochester, including provisions related to definitions; sponsors and corporate structure; powers and restrictions; governance; charter requirements; financial and operations frameworks; transparency and financial reporting; insurance; deposits; policy mandates; ethics and financial disclosure; inconsistency with other laws; and owners not to be considered bank holding companies. | In Committee | 03/04/2025 |
| A06662 | Enacts the pro-banking act to mandate acceptance of the New York city identity card as a primary form of identification at all covered entities, including all banking organizations, foreign banking corporations, and interstate branches. | In Committee | 03/07/2025 |
| A06668 | Expands consumer protections for usury and interest to small businesses. | In Committee | 03/07/2025 |
| A06753 | Requires financial institutions to send a written notification of overdraft fees charged to account holders every 180 days. | In Committee | 03/11/2025 |
| A06757 | Provides for the regulation of buy-now-pay-later lenders; requires such lenders to be licensed; establishes prohibited acts, limitations on loans, and consumer protections. | In Committee | 03/11/2025 |
| A06766 | Prohibits predatory automated teller machine fees at casinos and colleges. | Crossed Over | 03/12/2025 |
| A06870 | Extends the effectiveness of provisions relating to limiting the check cashing exemption for national banks and other regulated entities to August 1, 2027. | In Committee | 03/14/2025 |
| A07019 | Establishes protections for adults sixty years of age or older, or at least the age of eighteen and who, because of mental or physical impairments, are unable to manage their own resources or protect themselves from financial exploitation without assistance from others. | In Committee | 03/18/2025 |
| A07020 | Fixes the maximum interest rate for credit cards issued or used in this state at 10%. | In Committee | 03/18/2025 |
| A07133 | Establishes the state financial literacy fund which provides funding for project grants to organizations in order to establish financial capability and financial literacy programs, products content and/or services for at-risk populations in New York. | In Committee | 03/20/2025 |
| A07306 | Establishes a temporary state commission to conduct a feasibility study to evaluate and make recommendations concerning the formation and control of a state public bank; provides if such study finds that the state bank is feasible, the commission may recommend legislation to create a state public bank for New York; makes an appropriation therefor. | In Committee | 03/25/2025 |
| A07502 | Prohibits banks from holding for deposit the funds from checks issued by the state. | In Committee | 03/28/2025 |
| A07688 | Establishes the "climate safe and responsible bank procurement act", which creates standards for the purchasing of bank services. | In Committee | 04/04/2025 |
| A07696 | Prohibits a bank or trust company from charging a service charge or requiring a minimum balance for attorney trust or IOLA accounts that are non-interest bearing in nature; defines attorney trust account. | In Committee | 04/08/2025 |
| A08016 | Provides for securities fraud whistleblower incentives and protections; defines terms; grants whistleblower awards for one or more whistleblowers who voluntarily provide original information to the attorney general that was the basis for a successful covered enforcement action; protects whistleblowers from retaliation; authorizes the attorney general to adopt any necessary rules and regulations; makes related provisions. | In Committee | 04/22/2025 |
| A08067 | Relates to an exemption from the licensing requirements for servicers of student loans. | In Committee | 04/23/2025 |
| A08319 | Provides that charges imposed by certain state chartered banking institutions in connection with a check or other written order drawn on insufficient funds shall not exceed the greater of five dollars or the pro rata share of such state chartered banking institution's total direct costs and charge-off losses for providing non-covered overdraft credit. | In Committee | 05/13/2025 |
| A08409 | Extends the effectiveness of provisions of law relating to permissible fees in connection with open end loans from June 30, 2025 until June 30, 2027. | Crossed Over | 05/14/2025 |
| A08493 | Expands eligibility for the low interest rate program of the state of New York mortgage agency to certain graduates of post secondary programs or comparable apprenticeship and workforce training programs for the purchase of certain property. | In Committee | 05/20/2025 |
| A08549 | Enacts provisions for the establishment and administration of joint spousal and non-spousal accounts and shares and convenience accounts. | In Committee | 05/20/2025 |
| A08665 | Relates to minority depository institutions which apply to establish a home or branch office in an unbanked or underbanked community; provides that such institutions shall be entitled to receive deposits from the state comptroller and the commissioner of taxation and finance. | In Committee | 05/23/2025 |
| S00070 | Provides that any person who has been injured by reason of any violation of any such rules, regulations or policies as the superintendent may promulgate may bring an action in such person's own name; assert a counterclaim; or, if an action is commenced by the mortgagee or anyone acting on its behalf, bring a third party claim, against either the mortgagee and/or the mortgage servicer to enjoin any violations thereof; authorizes damages; makes related provisions. | Crossed Over | 03/24/2025 |
| S01290 | Allows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations. | Crossed Over | 05/22/2025 |
| S01673 | Directs the development of materials to be provided to new employees relating to student loan repayment information. | Crossed Over | 03/20/2025 |
| S01991 | Relates to including information concerning repayment of outstanding loans in the standard financial aid award letter. | Crossed Over | 02/24/2025 |
| S02027 | Creates a banking development district working group to assess the banking development district program and provide an annual report to the governor and legislature on the strengths and weaknesses of such program; defines unbanked and underbanked. | Crossed Over | 02/24/2025 |
| S02040 | Requires transmitters of money to provide a warning which informs consumers of certain fraudulent activities that may occur. | Crossed Over | 03/10/2025 |
| S03190 | Expands eligibility for the low interest rate program of the state of New York mortgage agency to certain graduates of post secondary programs or comparable apprenticeship and workforce training programs for the purchase of certain property. | Crossed Over | 02/04/2025 |
| S04200 | Requires student financial aid award letters to contain information on net costs, defined as an estimate of the costs of attendance after financial aid which does not require repayment and options for loans which do require repayment. | Crossed Over | 05/19/2025 |
| S04728 | Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state. | Crossed Over | 04/28/2025 |