· NY legislature · 2025-2026

Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill or twenty dollars

Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill, including any interest thereon, or twenty dollars, whichever amount is less.

Sponsor

Rodneyse Bichotte Hermelyn (D-NY)

Introduced

2025-03-20

Policy area

Finance and Financial Sector

Latest action

REFERRED TO CONSUMER AFFAIRS AND PROTECTION