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Bill Jun 30, 2026

Relates to the interest rate cap on cash advances against wages or salary

Clarifies that all wage and cash advances against salary or future pay are loans subject to the interest rate cap in the general obligations law.

https://openstates.org/ny/bills/2025-2026/S8939/
Samra Brouk State Senator Jabari Brisport State Senator Cosponsor Cordell Cleare State Senator Cosponsor Kristen Gonzalez State Senator Cosponsor Liz Krueger State Senator Cosponsor Shelley Mayer State Senator Cosponsor Zellnor Myrie State Senator Cosponsor Steven Raga Assemblymember Grace Lee Assemblymember Cosponsor William Colton Assemblymember Cosponsor Noah Burroughs Assemblymember Cosponsor Harry Bronson Assemblymember Cosponsor Yudelka Tapia Assemblymember Cosponsor Emily Gallagher Assemblymember Cosponsor Larinda Hooks Assemblymember Cosponsor Maritza Davila Assemblymember Cosponsor Amanda Septimo Assemblymember Cosponsor Diana Moreno Assemblymember Cosponsor MaryJane Shimsky Assemblymember Cosponsor Jessica González-Rojas Assemblymember Cosponsor Emérita Torres Assemblymember Cosponsor
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