
Facts & Statistics
STATE STATISTICS | |
Population 2020 |
19,336,776 |
Population 2019 | 19,463,131 |
Population 2018 |
19,542,209 |
Population 2017 | 19,590,719 |
Population 2016 | 19,641,589 |
Below Poverty 2019 | 13 |
Below Poverty 2018 | 11.1 |
Below Poverty 2017 | 14.1 |
Below Poverty 2016 | 14.7 |
Employment – Population Ratio 2019 | 58.4 |
Employment – Population Ratio 2018 |
58.5 |
Employment – Population Ratio 2017 | 58 |
Employment – Population Ratio 2016 | 57.8 |
Unemployed 2020 | 8.2 |
Unemployed 2019 | 3.9 |
Unemployed 2018 | 4.1 |
Unemployed 2017 | 4.7 |
Unemployed 2016 | 4.9 |
Foreclosure Rate 2018 | 1 of 1,791 |
STATE FACTS |
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New York City has 722 miles of subway track. |
The “New York Post” established in 1803 by Alexander Hamilton is the oldest operating newspaper in the United States. |
The first capital of the United States was New York City. In 1789 George Washington took his oath as president on the balcony at Federal Hall. |
Government
ELECTED OFFICIALS | |
Governor |
Andrew Cuomo (D) |
Lieutenant Governor | Kathy Hochul (D) |
Attorney General | Letitia James (D) |
Secretary of State (appointed) | Rossana Rosado (D) |
State Senate Control | D – 40; R – 23 |
State Assembly Control | D – 106; R – 43; I – 1 |
Legislative Process
LEGISLATIVE DATES AND DEADLINES | |
Convenes | January 6, 2021 |
Sine Die Adjournment | June 10, 2021 |
Committee Action Deadlines | N/A |
Crossover Deadline | None |
Carryover from Previous Session | Yes (2021 – 2022) |
Governor’s Signing Deadline (in session) | 10 days, Sundays excepted |
Governor’s Signing Deadline (after adjournment) | 30 days or legislation is pocket vetoed |
Veto Override | 2/3 majority |
Legislation Effective Date | 20th day after enactment |
Notable Laws & Legislation
SAFE Act
- NY AB 6924 (now N.Y. Banking Law, c. 2, art.12-E)
- HUD review of New York’s SAFE Act
Security Breach Notification Law
AFSA Comment Letters
- New York AB 2078/SB 4019 – Vehicle Leasing (June 20, 2019)
- New York SB 2484 -Payment Assurance Devices (October 1, 2018)
- New York City proposed rules related to secondhand automobile dealers (February 28, 2018)
- New York revised cybersecurity regulation (January 27, 2017)
- New York proposed cybersecurity regulation Joint SIFMA letter (November 14, 2016)
- New York proposed cybersecurity regulation (November 14, 2016)
- New York Proposed Payroll Card Regulations – Supplementary Comment Letter (August 25, 2015)
- New York Proposed Payroll Card Regulations (July 8, 2015)
- New York Independent Democratic Conference Subprime Auto Finance Report & Legislation (June 22, 2015)
- New York Proposed Changes to Banking Law Article IX & XI-B (September 14, 2014)
- New York Revised Proposed Debt Collection Regulations (August 15, 2014)
- New York Proposed Consumer Credit Collection Court Rules (May 30, 2014)
- New York A.3649 Vehicle Lienholder Notification (March 21, 2014)
Enforcement
Consumer Complaints
Regulatory Actions
Featured Regulations
Regulatory Guidelines
- NY Dept. of Financial Services Updated Guidance re Financial Risk Associated with Coronavirus Outbreak (March 25, 2020)
- NY Dept. of Financial Services Updated Guidance re Operational Risk Associated with Coronavirus Outbreak (March 25, 2020)
- NY Dept. of Financial Services Guidance re Financial Risk Associated with Coronavirus Outbreak (March 10, 2020)
- NY Dept. of Financial Services Guidance re Operational Risk Associated with Coronavirus Outbreak (March 10, 2020)
- NY Dept. of Financial Services Guidance re Fair Lending in Indirect Auto Finance(August 2018)
- NY Dept. of Financial Services Guidance re Major Data Breach (September 2017)
- NY Dept. of Financial Services 2016 Regulatory Agenda
- NY Elder Financial Exploitation Guidance (Febrary 2015)
- NY Dept. of Financial Services Letter re Lender-Placed Insurance (August 2013)
Advocacy, Initiatives & Reports
Advocacy
- 23 State & DC Letter to FDIC re: “Rent-A-Bank” Predatory Lending (February 2020)
- 25 State & DC Letter to Education Department re: Student Loan Debt Relief (February 2020)
- 23 State & DC Amicus Brief re: Constitutionality of CFPB (January 2020)
- 21 State & DC Letter to OCC re: “Rent-A-Bank” Predatory Lending (January 2020)
- 19 State & DC Letter to Congress re: Education Department Borrower Defense Rule (January 2020)
- 22 State Letter to Education Department re: Student Loan Forgiveness (November 2019)
- 21 State & DC Letter to HUD re: Housing Discrimination (October 2019)
- 29 State & DC Letter to Education Department re: Student Loan Fraud (October 2019)
- 12 State & DC Letter to CFPB re: Home Mortgage Disclosure Act (October 2019)
- New York Letter to CFPB re: Home Mortgage Disclosure Act (October 2019)
- 20 State & DC Letter to Congress re: Cannabis Banking (September 2019)
- 27 State & DC Letter to CFPB re: Debt Collection Rule (September 2019)
- 31 States & DC Amicus Brief re: Student Loans (August 2019)
- 50 States & DC Letter to FCC re: Robocalls (August 2019)
- 11 States & DC Letter to Education Department re: Public Service Loan Forgiveness Program (August 2019)
- 24 States & DC Letter to CFPB re: Overdraft Rule (July 2019)
- New York Letter to CFPB re: Home Mortgage Disclosure Act (June 2019)
- 40 States & DC Letter to FTC re: Data Privacy (June 2019)
- 50 States & DC Letter to Education Department re: Student Loans for Disabled Veterans (May 2019)
- 24 States & DC Letter to CFPB re: Payday Rule (May 2019)
- 33 States & DC Letter to Congress re: Marijuana Banking (May 2019)
- 41 States & DC Letter to FCC re: Robocalls (May 2019)
- 20 States & DC letter to Education Department re: Student Loan Disclosure to Law Enforcement (April 2019)
- 24 State & DC Letter to CFPB re: Payday Lending Rule (March 2019)
- 50 States & DC Letter to U.S. Senate Committee on Commerce, Science & Transportation re: Robocalls (March 2019)
- 22 State AGs Letter to CFPB re: Regulatory Sandbox (February 2019)
- 14 State AGs Letter to FDIC re: Small-Dollar Lending (January 2019)
- 14 State AGs letter to Office of the Comptroller of the Currency re: Community Reinvestment Act (November 2018)
- 21 State AGs letter to Department of Education re: closed-school loan discharge regulations (October 2018)
- 33 State AGs letter to CFPB re: Military Lending Act (October 2018)
- 17 State AGs letter to HUD re: Affirmatively Furthering Fair Housing rule (October 2018)
- 8 State AGs Amicus Brief re: Student Loan Debt Relief (October 2018)
- 35 State AGs Letter to Federal Communications Commission (FCC) re: Robocalls (October 2018)
- 16 State AGs Amicus Brief re: States’ Oversight on Student Loan Servicers (September 2018)
- 14 State AGs letter urging CFPB to continue enforcing the Equal Credit Opportunity Act’s disparate impact liability provision (September 2018)
- 17 State AGs letter urging HUD not to undermine the Agency’s Fair Housing Act (FHA) disparate impact regulations (August 2018)
- 20 State AGs letter urging Secretary of Education to share student loan information with law enforcement (July 2018)
- 20 State AG letter to Congress opposing valid-when-made legislation (June 2018)
- 14 State AGs letter urging CFPB to retain public database of consumer complaints (June 2018)
- 16 State AGs letter urging the Trump Administration to respect the CFPB’s investigative authority (April 2018)
- 20 State AGs letter to Congress regarding proposed FDCPA amendments (April 2018)
- 32 AGs letter urging Congress to preserve state’s authority to enforce data breach & security laws (March 2018)
- 30 AGs letter to Congress urging it to reject legislation that would block state oversight of student loan servicing industry (March 2018)
- 20 State AGs letter to Education Secretary re student borrower defense proposal (March 2018)
- 16 State & DC AGs brief calling on Trump Admin. to respect CFPB independence (February 2018)
- 18 State AGs urge Congress to incorporate cannabis industry into banking system (January 2018)
- 16 State AGs letter to President re CFPB (December 2017)
- Lawsuit opposing temporary CFPB director (December 2017)
- NY AG Office Internet Bureau Chief’s Testimony before the U.S. House Financial Services Committee re Major Data Breach (October 2017)
- NY AG Comment on CFPB Payday Lending Rules (October 2016)
- 18 States Letter to CFPB re Proposed Arbitration Rule (August 2016)
- NY AG Schneiderman urges SCOTUS to Protect Consumer Rights (July 2016)
- AGs 9 States & DC Joint Letter re Chip and PIN Technology (November 2015)
- NY Dept. of Financial Services FFIEC Letter Cyber Security (November 2015)
- NY AG Schneiderman Support for Abandoned Properties Legislation (April 2015)
- 31 State AGs Letter to CFPB re Debt Collection Rules (March 2014)
- 19 State AGs – Request Bank 2014 Data Breach Details (January 2014)
Initiatives
Reports
Trade Associations
There are currently no partner industry associations in New York