New York Senate bill in Session 2025-2026.
Status: in_committee. Latest action: April 30, 2026.
Extends the interest rate caps and criminal usury framework to covered services.
Extends the interest rate caps and criminal usury framework to covered services including but not limited to, retail installment contracts, merchant cash advances, invoice financing, revenue-based financing, or any transaction that in substance functions as the advance of funds in exchange for a future payment or obligation, regardless of the label assigned to such transaction.
| Date | Event | Detail |
|---|---|---|
| 2026-04-30 | Introduced | Bill introduced |
| 2026-04-30 | Status | in_committee |
| 2026-04-30 | Latest Action | In Senate Committee |