Authorizes New York-chartered banking institutions to exercise any permitted powers of its counterpart federally or out-of-state chartered banking institutions.
Authorizes New York-chartered banking institutions to exercise any permitted powers of its counterpart federally or out-of-state chartered banking institutions.
Prohibits state chartered banking institutions from investing in and providing financing for private prisons.
Prohibits state chartered banking institutions from investing in and providing financing for private prisons.
Prohibits a state chartered banking institution from providing financing to a landlord who has engaged in certain bad faith acts.
Prohibits a state chartered banking institution from providing financing to a landlord who has engaged in certain bad faith acts.
Requires financial institutions to send a written notification of overdraft fees charged to account holders every 180 days.
Provides that a mortgage investing institution that maintains a mortgage on any real property in the state of New York shall give ten days written notice prior to requiring payment of an increase in the amount of escrow if the dollar amount of such increase is more than five percent of the total monthly payment; provides that no service charge shall be imposed for the giving of such notice; defines that term "mortgage investing institutions" as any banking organization or other entity engaged in the business of offering mortgage financing to the public or investing in mortgages.
Authorizes the department of financial services to prescribe by regulation the order of payment of checks and other debts, insufficient funds charges and return deposit item charges.
Authorizes the department of financial services to prescribe by regulation the order of payment of checks and other debts, insufficient funds charges and return deposit item charges.