S 10688·NY·senate
Opts the state out of certain provisions of the Depository Institutions Deregulation and Monetary Control Act of 1980, Public Law 96-221
In CommitteeFiled Aug 26, 2026
Sponsor: Zellnor Myrie (D)
Latest Action
REFERRED TO RULES
Aug 26, 2026
Summary
The legislation would remove the state from selected provisions of the Depository Institutions Deregulation and Monetary Control Act of 1980. It also creates state‑level limits on applicable interest rates. This could change how banks, borrowers and savers are regulated within New York.
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