New York · 2025 Regular Session · Bill
S 3925: Prohibits foreign banking corporations from issuing payday loans
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 3925 is a bill introduced in the New York Senate on January 30, 2025. According to its official title, it concerns: Prohibits foreign banking corporations from issuing payday loans. Primary sponsor: Leroy Comrie (Democratic). It lists 1 additional sponsor. Most recent recorded action (January 7, 2026): REFERRED TO BANKS.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Prohibits foreign banking corporations from issuing payday loans; defines payday loans as any transaction in which a short-term cash advance is made to a consumer in exchange for: a consumer's personal check or share draft, in the amount of an advance plus a fee, where presentment or negotiation of such check or share draft is deferred by agreement of the parties until a designated future date; or a consumer's authorization to debit the consumer's transaction account, in the amount of the advance plus a fee, where such account will be debited on or after a designated future date.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Leroy Comrie | Primary sponsor | Democratic | Senate | 14 |
| Jabari Brisport | Co-sponsor | Democratic/Working Families | Senate | 25 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO BANKS
- REFERRED TO BANKS