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 |
|---|
| 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 |
Kathy Hochu (D) |
| Lieutenant Governor | Antonio Delgado (D) |
| Attorney General | Letitia James (D) |
| Secretary of State (appointed) | Robert Rodriguez (D) |
| State Senate Control | D – 42; R – 21 |
| State Assembly Control | D – 102; R – 48 |
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
Retail Installment Sales Contract Law
New York City Laws
Enforcement
Consumer Complaints
Regulatory Actions
Featured Regulations
New York Department of Financial Services (DFS)
- 23 NYCRR 600 Final Rules re: Commercial Financing Disclosures (February 1, 2023)
- 23 NYCRR 500 Proposed Rules re: Cybersecurity Requirements (October 25, 2022)
New York City Department of Consumer and Worker Protection (DCWP)
- DCWP Rules re: Automated Employment Decision Tools (effective July 5, 2023)
- DCWP Rules re: Cash Mandate (effective October 8, 2020)
- DCWP Rules re Debt Collection Agency Language Services (effective June 27, 2020) & Sample Language Services Report
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
AFSA Advocacy
- New York Department of Financial Services Debt Collection Rules (February 13, 2023)
- New York Department of Financial Services Cybersecurity Rules (January 9, 2023)
- New York Department of Financial Services Commercial Financing Proposed Rules (August 31, 2022)
- New York Department of Financial Services Cybersecurity Pre-Proposed Rules (August 18, 2022)
- New York SB 90 / AB 9811 re: Cashless Ban (May 27, 2022)
- New York Department of Financial Services Debt Collection Rules (February 14, 2022)
- New York Department of Financial Services Commercial Financing Rules (December 9, 2021)
- New York SB 737 Chapter Amendment Request re: ADA Disclosures (November 15, 2021)
- New York SB 133 / AB 5698 re: Credit Card Rewards (June 7, 2021)
- New York SB 2849 re: Repossessions (May 3, 2021)
- New York SB 5470 Governor Veto Request re: Floorplan Lending (August 5, 2020)
- New York Department of Financial Services Work From Home Authorization (July 30, 2020)
- New York AB 10118 re: Floorplan Lending (July 23, 2020)
- New York SB 5470 re: Floorplan Lending (July 21, 2020)
- New York SB 8118 re: Credit Reporting (May 20, 2020)
- New York Department of Financial Services Coronavirus Guidance (March 13, 2020)
- New York SB 4019 – Vehicle Leasing (September 4, 2019)
- 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)
AG 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
Political Geography
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