· NY legislature · 2025-2026

Prohibits foreign banking corporations from issuing payday loans

Prohibits foreign banking corporations from issuing payday loans; defines payday loans as any transaction in which a short-term cash advance is made to a consumer in exchange for: a consumer's personal check or share draft, in the amount of an advance plus a fee, where presentment or negotiation of such check or sha…

Sponsor

Leroy Comrie (D-NY)

Introduced

2025-01-30

Latest action

REFERRED TO BANKS