State & Federal Legislative Developments

State Issues

Governor Cuomo signed into law a bill (S.3941 (Comrie)/A.6040 (Burgos)) to expand the definition of telemarketing to include marketing by text message. Texting was not previously defined as telemarketing, exempting it from certain protections.

Federal Issues

U.S. Rep. Carolyn Maloney (D-Manhattan) once again introduced legislation regarding overdraft protection programs. H.R. 4277 would amend the Truth in Lending Act to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at financial institutions.

For additional information on any of the State or Federal issues, please contact:
Clare M. Cusack, President & Chief Executive Officer, at govrelations@nyba.com
Megan Rowan McGovern, Deputy General Counsel & VP, Government Relations at govrelations@nyba.com