S4022 (2025-26 session)

NY State bill

Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill, including any interest thereon, or twenty dollars, whichever amount is less.

Title
Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill or twenty dollars
Type
New York State Senate bill
Session
2025-26 session
Status
In Senate Committee
Latest action date
2026-01-07
In committee
Consumer Protection
Introduced
2025-01-31
Same as
A7075
Law section
General Business Law

Sponsors

Heard in committee

Same as

Sources