New York Senate Bill 4022: 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.

New York · 2025-2026 session

What it does

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.

Latest action

REFERRED TO CONSUMER PROTECTION (2026-01-07)

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