Issues: Banks

Big Banks Have Let 100’s of WNY Homes to Fall into Disrepair; Kennedy, Ryan Push New Legislation to Make Banks Pay for Foreclosure Delay

Kennedy, Ryan, local residents launch push for new state law at 35 Gary Lane, a Cheektowaga home falling into disrepair as a result of Bank of America’s delay. 

Hundreds of homes across Western New York end up in “foreclosure-delay limbo” when banks drag their feet. 

Kennedy: Big banks’ delay hurts our community and our home values. WNY is sending a message to Wall Street: You made this mess. You clean it up.

April 5, 2013
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STATE BUDGET PROVIDES REAL TAX RELIEF FOR MIDDLE CLASS FAMILIES AND BUSINESSES, ADDRESSES CHALLENGES FACING UPSTATE

ALBANY - The New York State Senate has passed the State Budget on time for the third consecutive year, Senator Patrick M. Gallivan announced today. The spending plan adheres to a self-imposed two percent spending cap, contains significant tax relief for middle-class families and businesses, and also addresses some of the unique challenges facing Western New York.

March 27, 2013
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U.S. Small Business Administration Makes Low-Interest Disaster Assistance Loans Available for Faith-Based Organizations and Places of Worship

Please refer to the attached documents for information on the loan opportunity. A Spanish-language fact sheet is also attached.

 

March 19, 2013
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SENATE BANKS COMMITTEE SEEKS ANSWERS ON UNSPENT SUPERSTORM SANDY FUNDS

Thursday, February 28

1:00 PM Senator Joseph Griffo, Chairman of the Senate Standing Committee on Banks, Hosts Public Hearing regarding Insurance Proceeds Disbursement

To inform and educate consumers on what they can do to expedite the release of any remaining insurance funds from Superstorm Sandy that are being held by banks and mortgage servicers.

March 1, 2013
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Department of Financial Services to Speek Resolution of Insurance Claims in Areas Affected by SANDY

The NYS Department of Financial Services (DFS) is setting new rules to speed the processing of insurance claims in areas affected by Storm Sandy. The new regulation reduces the amount of time an insurer can delay its decision on a claim, and requires insurers to report to the Department on how many claims it is delaying and the reasons for the delays.

February 27, 2013
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Public Hearing: Release of Remaining Superstorm Sandy insurance funds currently held by Banks and Mortgage Servicers to affected homeowners.

Senate Standing Committee on BanksChair: Senator Joseph A. GriffoPublic Hearing: To inform and educate consumers to expedite the release of any remaining insurance funds from Superstorm Sandy that are being held by banks and mortgage servicers and have not yet been sent to homeowners.Place: Van Buren Hearing Room A, Legislative Office Building, 2nd Floor, Albany,New YorkTime: 1:00 P.M.Contact: Dwight Evans (518) 455-3334Media Contact: Senate Press Office (518) 455-2264ORAL TESTIMONY BY INVITATION ONLY

February 28, 1:00 PM - 3:11 PM
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MARCELLINO CALLS FOR TIMELY RELEASE OF SANDY REBUILDING FUNDS

Senate Investigations & Government Operations Committee will investigate how to prevent such future delays

February 13, 2013
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Griffo Law Gets Tough On Bank Robbers

(Albany) – New York State Senator Joseph A.

February 13, 2013
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Committee Meeting: Banks Meeting

Senate Standing Committee on Banks Senator Joseph Griffo, Chair 9:30 AM, Tuesday, February 12, 2013 Room 611 LOB

February 12, 9:30 AM - 9:40 AM
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O'Brien receives committee assignments

ROCHESTER, N.Y. – Sen. O’Brien received his committee assignments today, including the position of ranking Democratic member of the Banks Committee.

O’Brien will also serve on Insurance; Commerce, Economic Development and Small Business; Health; Codes; Cultural Affairs, Tourism and Parks and Recreation; and Local Government.

January 29, 2013
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Senator Grisanti Appointed to Sit on Powerful Finance Committee in New York State Senate

Senator Mark Grisanti (R, I-60) has been reappointed as Chairman of the Environmental Conservation Committee and has also been appointed to sit on the Finance Committee in the New York State Senate.  "As a member of the powerful Senate Finance Committee, I will have oversight on the state budget, have a role at confirming all Senate nominations, and be able to vote on any piece of legislation that has a fiscal impact before it is sent to the floor of the Senate," said Senator Grisanti.

January 25, 2013
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Governor Cuomo Outlines 2013-2014 Executive Budget to Maintain Fiscal Responsibility and Continue to Invest in Economic Growth

Governor Andrew M. Cuomo unveiled the proposed 2013-14Executive Budget and Management Plan that builds on two years of balanced, fiscally responsible budgeting and invests in economic development, education reform, rebuilding after Superstorm Sandy, provides support to local governments and school districts, and includes no new taxes or fees.

Highlights of the Executive Budget:

· Eliminates $1.3 billion budget gap with no new taxes or fees. The expected gap for 2013-14 was projected to be $17.4 billion prior to the last two responsible budgets.

· Holds spending increases below 2 percent for third consecutive year.

January 23, 2013
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STATEMENT FROM STATE SEN. PATRICK M. GALLIVAN REGARDING GOVERNOR CUOMO’S 2013 STATE BUDGET PROPOSAL

Review The Governor's Proposal Yourself: openbudget.ny.gov

“State government has been able to change direction the last two years largely because Albany has adopted a course of fiscal prudence. Today’s budget proposal demonstrates the Governor’s continued commitment to financial responsibility, keeping state spending growth below two percent while closing a $1.35 billion budget deficit without proposing any new taxes.”

January 23, 2013
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SENATOR GIPSON ANNOUNCES COMMITTEE ASSIGNMENTS

For Immediate Release: January 18, 2013Media Contact: Daniel Torres | 845.463.0840 | Media@TerryGipsonNY.com

SENATOR GIPSON ANNOUNCES COMMITTEE ASSIGNMENTS

POUGHKEEPSIE, NY., - Dutchess and Putnam County State Senator Terry Gipson announced his committee assignments today.

January 19, 2013
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SMALL BUSINESS EMERGENCY LOAN FUND TO PROVIDE ASSISTANCE FOR BUSINESSES AFFECTED BY SANDY

Governor Andrew M. Cuomo announced that the New York Bankers Association (NYBA) and the New York Business Development Corporation (NYBDC) have agreed to establish a $10 million small business emergency loan fund to provide immediate financial assistance for businesses impacted by Storm Sandy. Under the fund, businesses will be able to apply for loans of up to $25,000 immediately by going to www.esd.ny.gov or calling 1-855-NYS-SANDY.

November 14, 2012
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MAJOR STATE BANKS AGREE TO WAIVE CONSUMER FEES IN AFTERMATH OF SANDY

Governor Andrew M. Cuomo announced that several major state-chartered banks have agreed to waive a number of fees and penalties in response to the impact on consumers by Storm Sandy. State-chartered banks that will drop the fees include M&T Bank, Apple Savings, Dime Savings Bank of Williamsburgh, Emigrant Savings Bank and New York Community Bank.

November 9, 2012
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August 2012 Newsletter - Credit Cards & College Students

Please click the file below to view the Credit Cards & College Students newsletter. 

File: 
Credit Cards & College Students

October 17, 2012
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Law360: NY Ahead of the Curve with Ban on Mortgage Rate-Based Pay

Law360 reports on a new law passed by Sen. Krueger  which bans a predatory lending practice that created instability in the mortgage market and contributed to the financial crisis. 

August 29, 2012
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Sen. Krueger Announces New Yield Spread Premium Ban Is Law

Gov. Cuomo signed Sen. Krueger's legislation banning "yield spread premiums," a predatory lending practice.

August 20, 2012
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Foreclosure Prevention Program to Offer Help to Bedford-Stuyvesant Homeowners; Mobile Command Center to Visit Community on July 14

Foreclosure Prevention Assistance Available to Homeowners at Department of Financial Services' Mobile Command Center During Family Health & Resource Day in Bedford Stuyvesant Restoration Plaza, 10 a.m. to 4 p.m., Saturday, July 14, 2012.

The Department of Financial Services, in partnership with Neighborhood Housing Services of Bedford-Stuyvesant, is reaching out to offer help to Bedford-Stuyvesant area homeowners in Brooklyn struggling to save their homes from foreclosure.

July 12, 2012
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