A 96442025–2026 SessionIN COMMITTEEDEMOCRAT

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

Watch· sign inSupport Oppose

Introduced Jan 21, 2026Steven Raga (D-NY)4 cosponsors

Summary

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.

Related bills

Companion bill

S. 8939Relates to the interest rate cap on cash advances against wages or salary2025-2026

Legislative Journey

Introduced
Committee
Floor
Passed Chamber 1
Passed Chamber 2
Signed

Jan 21, 2026

REFERRED TO BANKS

House

Mar 11, 2026

AMEND (T) AND RECOMMIT TO BANKS

House

Mar 11, 2026

PRINT NUMBER 9644A

House