New York A00117 requires banks to report annually on revenue from overdraft fees and prohibits imposing such fees during a ten-day grace period.

New York A00117 amends the banking law to require banks to report annually to the superintendent on revenue earned from overdraft fees and non-sufficient funds fees. It prohibits banks from imposing overdraft fees during a ten-day grace period after a transaction. The bill also regulates the imposition of overdraft and non-sufficient funds fees, including limiting the number of fees charged per transaction. The superintendent must publish a report on the data collected from these reports.

New York A00117 requires banks to report annually on revenue from overdraft fees and prohibits imposing such fees during a ten-day grace period.

New York A00117 amends the banking law to require banks to report annually to the superintendent on revenue earned from overdraft fees and non-sufficient funds fees. It prohibits banks from imposing overdraft fees during a ten-day grace period after a transaction. The bill also regulates the imposition of overdraft and non-sufficient funds fees, including limiting the number of fees charged per transaction. The superintendent must publish a report on the data collected from these reports.