Governor Hochul signs legislation to study overdraft fees in New York
In your money, Governor Kathy Hochul today is signing legislation to do a study on overdraft fees in New York.
[anvplayer video=”5122418″ station=”998132″]
The law directs the department of financial services to examine the total amount of fees in New York, the geographical distribution, and the percentage of overdraft fees reduced. This is a part of the state’s ongoing efforts to address excessive finance fees and help low income New Yorkers access affordable banking.