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Assembly passes bill to bar paper-statement fees for some public-assistance applicants
Summary
The Assembly approved A.1799 to prohibit financial institutions from charging paper-statement fees when a statement is required to apply for public assistance; sponsor and colleagues debated how eligibility would be demonstrated and enforcement by the Department of Financial Services.
The New York State Assembly on May 28 passed A.1799, a bill to prohibit financial institutions from charging a fee for paper account statements when those statements are required to apply for public assistance. Assemblymember Heinemann, the bill’s sponsor, told colleagues the measure would ensure “no New Yorker is denied access to public benefits simply because they can't afford a bank fee.”
Supporters said the change would help…
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