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Governor Paterson has released legislation and sponsor's memo regarding foreclosure proceedings and tenants rights.

NYBA has also been leading a campaign against draft legislation circulating in New York City that would dramatically increase taxes on banks and thrifts who do business in New York City.

NYBA testified before a New York State Senate panel on the banking industry's economic contributions to the State and urged that no changes be made to the tax law that would discourage banks and thrifts from adding jobs here.

The New York City Council has introduced Int 960, which mandates bandit barriers for all banking institutions doing business within the City.   NYBA and its member banks have been engaged in an extended dialogue with the New York City Police Commissioner regarding the recent up-tick in bank robberies in the City, and the Commissioner’s view that bandit barriers in every branch would alleviate this increase in robberies.

NYBA filed comments with the FDIC regarding the emergency special assessment on all insured banks and thrifts.

NYBA filed comments with the Federal Reserve regarding proposed changes to the way financial institutions offer overdraft protection services.

For more information, please contact:

Michael P. Smith, President, NYBA, at (212) 297-1699
Roberta Kotkin, General Counsel & Chief Operating Officer, at (212) 297-1684
William J. Bosies, Senior Vice President, at (212) 297-1664