Bill Title: Prohibits foreign banking corporations from issuing payday loans; defines payday loans as any transaction in which a short-term cash advance is made to a consumer in exchange for: a consumer's personal check or share draft, in the amount of an advance plus a fee, where presentment or negotiation of such check or share draft is deferred by agreement of the parties until a designated future date; or a consumer's authorization to debit the consumer's transaction account, in the amount of the advance plus a fee, where such account will be debited on or after a designated future date.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2025-01-30 - REFERRED TO BANKS [S03925 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Contact	Phone	District	Sponsorship	State Profile	Financial	Encyclopedia	Biography
Senator Leroy Comrie [D]	Primary	Email	518-455-2701	SD-014	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jabari Brisport [D]	Cosponsor	Email	518-455-3451	SD-025	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart

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