Directs the superintendent of financial services to conduct an analysis of the financial stability of the check cashing industry and review the current system of licensing for such industry

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 8 Sponsors

Directs the superintendent of financial services to conduct an analysis of the financial stability of the check cashing industry and review the current system of licensing for such industry and issue reports on both topics.

Chamber: Senate
Introduced: May 29, 2025
Last action: Jun 5, 2026 — REFERRED TO WAYS AND MEANS
Session: 2025-2026
Momentum: 58 · Moderate

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Passed First Chamber — base rate 16%, measured from NY's completed sessions
Momentum +2 58/100 from the pace of recorded action
Time since last action -17 127 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.