A7075 — 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

A7075 — 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 legislation aims to protect New York consumers by setting a limit on the fees credit card companies can charge for late payments. Specifically, the bill mandates that any late payment fee cann…Open in Informed Citizenry