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

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 1 Sponsors

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: Senate
Introduced: Jan 16, 2026
Last action: Jan 16, 2026 — REFERRED TO JUDICIARY
Session: 2025-2026
Momentum: 38 · Low

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base In Committee — base rate 5%, measured from NY's completed sessions
Momentum -3 38/100 from the pace of recorded action
Time since last action -22 277 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.