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Senate Banks Committee moves multiple bills to consumer affairs, including EBT fee ban and study of banking development districts
Summary
The Senate Banks Committee voted to advance several bills — including measures banning EBT fees, directing a DFS study of banking development districts, and a debt-collector licensing change — forwarding them to the next referral with little extended debate on most items.
The New York State Senate Banks Committee on Monday advanced a package of bills to the next stage of review, moving several proposals out of committee with brief discussion or no extended debate.
Items advanced included: Senate Bill 4274271 (sponsored by Sen. Kavanaugh), a proposal to amend banking law and the Civil Practice Law and Rules related to licensing consumer debt collectors; Senate Bill 4604 (sponsored by Sen. Sanders) concerning provisions of the financial services law related to commercial financing; Senate Bill 8199 (sponsored by Sen. Sanders) directing the Department of Financial Services to study banking development districts and recommend improvements; and Senate Bill 9656 (sponsored by Sen. Sanders) to prohibit fees for Electronic Benefit Transfer (EBT) services. Committee members moved and seconded the bills and the chair announced each had been reported out of committee.
Most of these items drew routine procedural handling in committee. Senator James Sanders Jr., the committee chair, described the banking development districts study as an item with broad agreement about the need for effectiveness improvements. The transcript does not include detailed roll-call tallies for these motions; the chair announced the outcomes.
Next steps: each bill was reported out of committee and referred as appropriate for further consideration.
