Assembly bill · A7020 (2025-26)
Relates to fixing a maximum interest rate for credit cards issued or used in this state
New York State Assembly
Sponsor: Doug Smith (Assembly Member, District 5, Republican)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 19, 2026. About our data
Summary
Fixes the maximum interest rate for credit cards issued or used in this state at 10%.
Summary from NY Open Legislation. How we handle summaries
Amends the Banking Law.
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Banks · New York State Assembly
Also referred to Banks · New York State Senate.
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Cosponsors
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Read on NY Senate (opens in a new tab)- Republican16
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Full history
- Jan 7, 2026
Referred to committee
REFERRED TO BANKS
NY Assembly
- Jun 4, 2025
Held for Consideration in Banks
HELD FOR CONSIDERATION IN BANKS
NY Assembly
- Mar 18, 2025
Referred to committee
REFERRED TO BANKS
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.