Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Apr 13, 2016 | print number 9150a |
Apr 13, 2016 | amend and recommit to consumer affairs and protection |
Jan 29, 2016 | referred to consumer affairs and protection |
Archive: Last Bill Status - In Assembly Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Bill Amendments
Co-Sponsors
Luis R. Sepúlveda
Robert J. Rodriguez
Philip Ramos
Victor M. Pichardo
A9150 - Details
A9150 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9150 I N A S S E M B L Y January 29, 2016 ___________ Introduced by M. of A. CRESPO, SEPULVEDA, RODRIGUEZ, RAMOS, PICHARDO -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the general business law and the banking law, in relation to prohibiting a consumer reporting agency or lender from using certain information to determine an individual's credit worthi- ness THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 380-a of the general business law is amended by adding a new subdivision (u) to read as follows: (U) THE TERM "MEMBERS OF A CONSUMER'S SOCIAL NETWORK" MEANS A GROUP OF INDIVIDUALS AUTHORIZED BY A CONSUMER TO BE PART OF HIS OR HER SOCIAL MEDIA COMMUNICATIONS AND NETWORK. S 2. Section 380-j of the general business law is amended by adding a new subdivision (h) to read as follows: (H) NO CONSUMER REPORTING AGENCY SHALL COLLECT, EVALUATE, REPORT, OR MAINTAIN IN THE FILE ON A CONSUMER THE CREDIT WORTHINESS, CREDIT STAND- ING OR CREDIT CAPACITY OF MEMBERS OF THE CONSUMER'S SOCIAL NETWORK FOR PURPOSES OF DETERMINING THE CREDIT WORTHINESS OF THE CONSUMER; THE AVER- AGE CREDIT WORTHINESS, CREDIT STANDING OR CREDIT CAPACITY OF MEMBERS OF THE CONSUMER'S SOCIAL NETWORK; OR ANY GROUP SCORE THAT IS NOT THE CONSUMER'S OWN CREDIT WORTHINESS, CREDIT STANDING OR CREDIT CAPACITY. THE PROVISIONS OF THIS SUBDIVISION SHALL BE ENFORCED CONCURRENTLY BY THE SUPERINTENDENT OF FINANCIAL SERVICES AND THE DIRECTOR OF THE DIVISION OF CONSUMER PROTECTION AND EACH SHALL UTILIZE THEIR CONSUMER COMPLAINT AND ASSISTANCE HOTLINES TO DOCUMENT COMPLAINTS BY CONSUMERS WHO BELIEVE THAT GROUP CREDIT RATINGS OF THEIR SOCIAL MEDIA NETWORK ARE BEING USED TO DENY THEM CREDIT. S 3. Section 2 of the banking law is amended by adding a new subdivi- sion 30 to read as follows: 30. MEMBERS OF A BORROWER'S SOCIAL NETWORK. THE TERM "MEMBERS OF A BORROWER'S SOCIAL NETWORK" MEANS A GROUP OF INDIVIDUALS AUTHORIZED BY A EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13003-01-5
Co-Sponsors
Luis R. Sepúlveda
Robert J. Rodriguez
Philip Ramos
Victor M. Pichardo
A9150A (ACTIVE) - Details
A9150A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9150--A I N A S S E M B L Y January 29, 2016 ___________ Introduced by M. of A. CRESPO, SEPULVEDA, RODRIGUEZ, RAMOS, PICHARDO, McDONOUGH -- read once and referred to the Committee on Consumer Affairs and Protection -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general business law and the banking law, in relation to prohibiting a consumer reporting agency or lender from using certain information to determine an individual's credit worthi- ness THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 380-a of the general business law is amended by adding a new subdivision (u) to read as follows: (U) THE TERM "MEMBERS OF A CONSUMER'S SOCIAL NETWORK" MEANS A GROUP OF INDIVIDUALS AUTHORIZED BY A CONSUMER TO BE PART OF HIS OR HER SOCIAL MEDIA COMMUNICATIONS AND NETWORK. S 2. Section 380-j of the general business law is amended by adding a new subdivision (h) to read as follows: (H) NO CONSUMER REPORTING AGENCY SHALL COLLECT, EVALUATE, REPORT, OR MAINTAIN IN THE FILE ON A CONSUMER THE CREDIT WORTHINESS, CREDIT STAND- ING OR CREDIT CAPACITY OF MEMBERS OF THE CONSUMER'S SOCIAL NETWORK FOR PURPOSES OF DETERMINING THE CREDIT WORTHINESS OF THE CONSUMER; THE AVER- AGE CREDIT WORTHINESS, CREDIT STANDING OR CREDIT CAPACITY OF MEMBERS OF THE CONSUMER'S SOCIAL NETWORK; OR ANY GROUP SCORE THAT IS NOT THE CONSUMER'S OWN CREDIT WORTHINESS, CREDIT STANDING OR CREDIT CAPACITY. THE PROVISIONS OF THIS SUBDIVISION SHALL BE ENFORCED CONCURRENTLY BY THE SUPERINTENDENT OF FINANCIAL SERVICES AND THE DIRECTOR OF THE DIVISION OF CONSUMER PROTECTION AND EACH SHALL UTILIZE THEIR CONSUMER COMPLAINT AND ASSISTANCE HOTLINES TO DOCUMENT COMPLAINTS BY CONSUMERS WHO BELIEVE THAT GROUP CREDIT RATINGS OF THEIR SOCIAL MEDIA NETWORK ARE BEING USED TO DENY THEM CREDIT. S 3. Section 2 of the banking law is amended by adding a new subdivi- sion 30 to read as follows: 30. MEMBERS OF A BORROWER'S SOCIAL NETWORK. THE TERM "MEMBERS OF A BORROWER'S SOCIAL NETWORK" MEANS A GROUP OF INDIVIDUALS AUTHORIZED BY A EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.