New York · 2025 Regular Session · Bill

S 4022: Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill or twenty dollars

In committee Last action January 7, 2026: REFERRED TO CONSUMER PROTECTION

Plain-language summary

S 4022 is a bill introduced in the New York Senate on January 31, 2025. According to its official title, it concerns: Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill or twenty dollars. Primary sponsor: Kevin Parker (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO CONSUMER PROTECTION.

S 4022: Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill or twenty dollars

Plain-language summary

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