Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 21, 2014 |
print number 4659b |
Feb 21, 2014 |
amend and recommit to banks |
Jan 08, 2014 |
referred to banks |
May 30, 2013 |
print number 4659a |
May 30, 2013 |
amend and recommit to banks |
Apr 17, 2013 |
referred to banks |
Senate Bill S4659B
2013-2014 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Banks Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2013-S4659 - Details
- See Assembly Version of this Bill:
- A5175
- Current Committee:
- Senate Banks
- Law Section:
- Banks
- Versions Introduced in 2015-2016 Legislative Session:
-
S575, A5980
2013-S4659 - Sponsor Memo
BILL NUMBER:S4659 TITLE OF BILL: An act in relation to requiring a study and report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities; and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF THE BILL: A long history of discriminatory banking policies and practices has left low income communities with limited financial service options, costly banking fees, and a proliferation of financial services with exorbitant fees and interest rates. A review of the current state of banking and financial services in low income communities is needed in order to access overall impact on the residents of these communities. SUMMARY OF SPECIFIC PROVISIONS: Section 1: 1. The superintendent of financial services shall study and issue a comprehensive report on banking products and services offered in row income communities and the impact of traditional banks, credit unions and check casher services serving low income communities. 2. Such study and report carried out pursuant to this section shall address the following issues:
2013-S4659 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4659 2013-2014 Regular Sessions I N S E N A T E April 17, 2013 ___________ Introduced by Sen. SQUADRON -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT in relation to requiring a study and report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 1. The superintendent of financial services shall study and issue a comprehensive report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities. 2. Such study and report carried out pursuant to this section shall address the following issues: (a) which products and services are offered in low income communities versus which products and services are offered in higher income communi- ties; (b) review of whether different fees are charged by financial service providers for products and services in low income communities and in higher income communities, including but not limited to, use of auto- mated teller machine (ATM) fees, checking account fees, and overdraw fees; (c) review of whether different interest rates are instituted by financial service providers for products and services in low income communities and in higher income communities, including but not limited to, savings account interest rates and interest rates on loans; (d) the impact of payday loans within low income communities, the prevalence of such loans and the interest rates charged for such loans; and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08898-03-3
2013-S4659A - Details
- See Assembly Version of this Bill:
- A5175
- Current Committee:
- Senate Banks
- Law Section:
- Banks
- Versions Introduced in 2015-2016 Legislative Session:
-
S575, A5980
2013-S4659A - Sponsor Memo
BILL NUMBER:S4659A TITLE OF BILL: An act in relation to requiring a study and report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities; and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF THE BILL: A long history of discriminatory banking policies and practices has left low income communities with limited financial service options, costly banking fees, and a proliferation of financial services with exorbitant fees and interest rates. A review of the current state of banking and financial services in low income communities is needed in order to access overall impact on the residents of these communities. SUMMARY OF SPECIFIC PROVISIONS: Section 1: 1. The superintendent of financial services shall study and issue a comprehensive report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities. 2. Such study and report carried out pursuant to this section shall address the following issues:
2013-S4659A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4659--A 2013-2014 Regular Sessions I N S E N A T E April 17, 2013 ___________ Introduced by Sen. SQUADRON -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT in relation to requiring a study and report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 1. The superintendent of financial services shall study and issue a comprehensive report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities. 2. Such study and report carried out pursuant to this section shall address the following issues: (a) which products and services are offered in low income communities versus which products and services are offered in higher income communi- ties; (b) review of whether different fees are charged by financial service providers for products and services in low income communities and in higher income communities, including but not limited to, use of auto- mated teller machine (ATM) fees, checking account fees, and overdraft fees; (c) review of whether different interest rates are instituted by financial service providers for products and services in low income communities and in higher income communities, including but not limited to, savings account interest rates and interest rates on loans; (d) the impact of payday loans within low income communities, the prevalence of such loans and the interest rates charged for such loans, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08898-05-3
2013-S4659B (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5175
- Current Committee:
- Senate Banks
- Law Section:
- Banks
- Versions Introduced in 2015-2016 Legislative Session:
-
S575, A5980
2013-S4659B (ACTIVE) - Sponsor Memo
BILL NUMBER:S4659B TITLE OF BILL: An act in relation to requiring a study and report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities; and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF THE BILL: A long history of discriminatory banking policies and practices has left low income communities with limited financial service options, costly banking fees, and a proliferation of financial services with exorbitant fees and interest rates. A review of the current state of banking and financial services in low income communities is needed in order to access overall impact on the residents of these communities. SUMMARY OF SPECIFIC PROVISIONS: Section 1: 1. The superintendent of financial services shall study and issue a comprehensive report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities. 2. Such study and report carried out pursuant to this section shall address the following issues:
2013-S4659B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4659--B 2013-2014 Regular Sessions I N S E N A T E April 17, 2013 ___________ Introduced by Sen. SQUADRON -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Banks in accord- ance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT in relation to requiring a study and report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 1. The superintendent of financial services shall study and issue a comprehensive report on banking products and services offered in low income communities and the impact of traditional banks, credit unions and check casher services serving low income communities. 2. Such study and report carried out pursuant to this section shall address the following issues: (a) which products and services are offered in low income communities versus which products and services are offered in higher income communi- ties; (b) review of whether different fees are charged by financial service providers for products and services in low income communities and in higher income communities, including but not limited to, use of auto- mated teller machine (ATM) fees, checking account fees, and overdraft fees; (c) review of whether different interest rates are instituted by financial service providers for products and services in low income communities and in higher income communities, including but not limited to, savings account interest rates and interest rates on loans; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08898-09-4
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.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.