Relates to the interest rate cap on cash advances against wages or salary

Introduced

In Committee

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Clarifies that all wage and cash advances against salary or future pay are loans subject to the interest rate cap in the general obligations law.

Chamber: House
Introduced: Jan 21, 2026
Last action: Mar 11, 2026 — PRINT NUMBER 9644A
Session: 2025-2026
Momentum: 57 · Moderate

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Amended — base rate 13%, measured from NY's completed sessions
Momentum +2 57/100 from the pace of recorded action
Time since last action -22 221 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.