S5222 — Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill or twenty dollars

S5222 — Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill or twenty dollars · Informed CitizenryThis bill amends the general business law to limit the charges credit card companies can assess for late payments. Under the proposed law, late charges cannot exceed five percent of the unpaid bala…Open in Informed Citizenry