New YorkA 84092025-2026 Regular SessionHouseWALLET

Extends the effectiveness of provisions of law relating to permissible fees in connection with open end loans

Sponsored By: Rebecca Seawright (Democratic)

Became Law

BANKSRULES

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New York credit card fee rules extended

The law keeps New York’s current fee rules for open-end loans, like credit cards and lines of credit, in place. It takes effect immediately and remains through June 30, 2027. On that date, these amendments expire and the law returns to its prior wording. This only extends timing; it does not change any fee amounts or formulas.

Sponsors & Cosponsors

Sponsor

Rebecca Seawright
Democratic • House

Cosponsors

Al Taylor
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 56 • No: 2

House vote • 6/10/2025

FLOOR Vote