New York Senate Bill 5500: Directs every peer-to-peer mobile service to require users to create a personal identification code associated with the user's account that is required to be used when certain actions are taken and to require users to set a monetary amount for intended transfers above which the use of a personal identification number will be required to authenticate the user's identity.

New York · 2025-2026 session

What it does

Directs every peer-to-peer mobile service to require users to create a personal identification code associated with the user's account that is required to be used when certain actions are taken and to require users to set a monetary amount for intended transfers above which the use of a personal identification number will be required to authenticate the user's identity.

Latest action

referred to consumer affairs and protection (2025-06-12)

See how S 5500 affects you on CapitolKey

Browse more bills · CapitolKey home