S8939 (2025-26 session)
NY State bill
Clarifies that all wage and cash advances against salary or future pay are loans subject to the interest rate cap in the general obligations law.
- Title
- Relates to the interest rate cap on cash advances against wages or salary
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-16
- In committee
- Judiciary
- Introduced
- 2026-01-16
- Same as
- A9644
- Law section
- General Obligations Law
Sponsors
Co-sponsors
- Cordell Cleare State Senator, District 30
- Jabari Brisport State Senator, District 25
- Kristen Gonzalez State Senator, District 59
- Liz Krueger State Senator, District 28
Heard in committee
- Judiciary NY State Senate committee
Same as
- A9644 (2025-26 session) NY State bill