senate Bill S9348

Signed By Governor
2021-2022 Legislative Session

Directs the superintendent of financial services to study overdraft fees

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 15, 2022 signed chap.380
Jul 11, 2022 delivered to governor
May 31, 2022 returned to senate
passed assembly
ordered to third reading rules cal.460
substituted for a8292
referred to ways and means
delivered to assembly
passed senate
May 25, 2022 ordered to third reading cal.1602
committee discharged and committed to rules
May 18, 2022 referred to banks

S9348 (ACTIVE) - Details

See Assembly Version of this Bill:
A8292
Law Section:
Financial Services

S9348 (ACTIVE) - Summary

Directs the superintendent of financial services to study overdraft fees and prepare a report to be delivered to the governor, the temporary president of the senate and the speaker of the assembly.

S9348 (ACTIVE) - Sponsor Memo

S9348 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9348
 
                             I N  S E N A T E
 
                               May 18, 2022
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks
 
 AN ACT in relation to directing the superintendent of financial services
   to study overdraft fees
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  The  superintendent  of financial services, or his or her
 designee, shall conduct a study of overdraft fees  in  the  state.  Such
 study shall examine, but not be limited to:
   (a) the total amount of overdraft fees paid in New York;
   (b) geographical distribution of such fees;
   (c)  identify  any  communities that have high rates of overdraft fees
 and the possible reason for such high rates;
   (d) the percentage of overdraft fees reduced through direct  or  indi-
 rect negotiation; and
   (e) enumeration of consumer rights relating to fee negotiations.
   § 2. No later than twelve months after the effective date of this act,
 the  superintendent of financial services, or his or her designee, shall
 deliver a report of the findings of  the  study  conducted  pursuant  to
 section  one of this act to the governor, the temporary president of the
 senate and the speaker of the assembly. Such report shall be  posted  on
 the department of financial services' website.
   § 3. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11576-01-1


Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.