S4022 — 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

S4022 — 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 that credit card companies can assess for late payments. Under the proposed law, late charges cannot exceed five percent of the unpaid…Open in Informed Citizenry