Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Nov 25, 2019 | signed chap.540 |
Nov 19, 2019 | delivered to governor |
Jun 20, 2019 | returned to assembly passed senate 3rd reading cal.546 substituted for s2302 |
May 30, 2019 | referred to consumer protection delivered to senate passed assembly |
May 23, 2019 | advanced to third reading cal.415 |
May 21, 2019 | reported |
May 14, 2019 | reported referred to codes |
Feb 08, 2019 | referred to consumer affairs and protection |
assembly Bill A5294
Signed By GovernorSponsored By
CRESPO
Archive: Last Bill Status - Signed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
Your Voice
Actions
Votes
Co-Sponsors
Carmen De La Rosa
Jose Rivera
Anthony D'Urso
Monica P. Wallace
Multi-Sponsors
Carmen E. Arroyo
Inez Barron
William Colton
Vivian Cook
A5294 (ACTIVE) - Details
A5294 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5294 2019-2020 Regular Sessions I N A S S E M B L Y February 8, 2019 ___________ Introduced by M. of A. CRESPO -- Multi-Sponsored by -- M. of A. ARROYO, BARRON, COLTON, COOK, DAVILA, DICKENS, EPSTEIN, HEVESI, KIM, McDO- NOUGH, MONTESANO, MOSLEY, PICHARDO, RAIA, RAMOS, RIVERA, RODRIGUEZ, SIMON, WALLACE, WEPRIN, WRIGHT -- 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. § 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.