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Track Legislation
A11302Assembly BillIn Assembly CommitteePending 83d

Cap Interest Rates on Consumer Financial Services

In Assembly committee as of May 11, 2026Under review by an Assembly committee.

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IntroducedIntro
In CommitteeComm.
Floor VoteFloor
Second Chamber2nd Ch.
Governor's DeskGov.
Signed into LawLaw

✦ Plain-Language Summary

This bill extends existing limits on how much interest lenders can charge to a broader range of financial services and products. It ensures that more types of loans and credit arrangements are subject to both interest rate caps and criminal penalties for lenders who charge excessively high rates. New Yorkers would have stronger protections against predatory lending across more financial products.

Details

Introduced
May 11, 2026
Body
New York State Assembly
Type
Assembly Bill
Status
In Assembly Committee

Sponsors (1)

Introduced byNily RozicYour District
View on NY Senate