[{"_1":2,"_124":-5,"_125":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100,112],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6531639,"mediaKeyId","3516074-7161ec01f0d082f2b3716642307944cb","parentId",3516074,"title","Committee sends bill directing DFS to study banking development districts","audioSeconds",23,"startMs",659715,"endMs",682725,"viewUrl","/Search/View?dp=1&key=3516074-7161ec01f0d082f2b3716642307944cb&start=659&end=682","thumbnailUrl","https://assets.pipeline.soar.com/3516074-7161ec01f0d082f2b3716642307944cb/thumbnail_659715.jpg","articleUrl","/articles/6531639/New-York/Committee-sends-bill-directing-DFS-to-study-banking-development-districts","mediaUrl","https://secure.pipeline.soar.com/6531639-8810d65b3d265af31cdca5dd3a83472b/orig.mp4?Expires=1771144438&Signature=CFLYgXtHDWEANJD8WtbrjSTBN2e67NgZC-t0gZGYfeI2p-SkBEoBN0ZJx02GPRfEELSGaEZI17o2C44npsEpx0GLfhRKzLaV047V-Xrs2kZyVbLpY1b6j5Dx0cjxC1X3JRloNtExr1uugxI8B4Wk5jSh~l3lTGWf7hxTTK29Vju~L32d3bNbWcnbKKyNXw32NnwcOLMnZH0Xu7NaJxM086OqKaOpBJAGGq99ABXlv4s5m3UNs1Wln90P7oXHdijfTITWafcy4Sm3V1jl79LC71-VPlcmrhqnvIpKC2kslggeKXWZTs4oAZ2SlvX~xG1ldqYRkCHlix-mYBwxoF1TUA__&Key-Pair-Id=KUT5TJCACFTXG","author","New York Legislature","date","2025-05-27T00:00:00Z","article","The Senate Banks Committee reported S.8199, sponsored by Sen. Sanders, directing the Department of Financial Services to study the state’s banking development district program and issue recommendations to improve it.

Sen. George Burrell moved the bill and the committee approved the motion by voice; the chair recorded the bill as reported out. No substantive debate or amendments are captured in the transcript excerpt.

The measure directs DFS to examine the program and propose improvements; further details and timelines will be developed as the bill moves through subsequent stages.

","mediaType","Video","parentTitle","Senate Standing Committee on Banks - 05/27/2025","oneSentenceSummary","S.8199, sponsored by Sen. Sanders, would direct the Department of Financial Services to study the banking development district program and recommend improvements; the Banks Committee reported the bill out with no recorded opposition.","taxTitle","2025 Legislature NY, New York","taxId",77685,"location","New York","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6531644,"Committee refers bill on automated decision tools in lending after debate over human review and fraud safeguards",315,343710,659415,"/Search/View?dp=1&key=3516074-7161ec01f0d082f2b3716642307944cb&start=343&end=659","https://assets.pipeline.soar.com/3516074-7161ec01f0d082f2b3716642307944cb/thumbnail_343710.jpg","/articles/6531644/New-York/Committee-refers-bill-on-automated-decision-tools-in-lending-after-debate-over-human-review-and-fraud-safeguards","https://secure.pipeline.soar.com/6531644-830d46a4e21c74fdd5141778e1380c18/orig.mp4?Expires=1771144438&Signature=F~gSeYBcAJFo~MgUh-fn6gAL67rA~GgFb6LPkPFz8JLBPomFlVRMjr7krd3f-iPJcsaR28F554SbPIpi5U-72Xy2tClD-pbuaUCCGYluwlr~txfXi65cZjyaABR8ztBNB0q-uXWHyo7fOzzvsEkjJAVGGC~l~qghAXOYuXMSBYxGU-xw9ecI~sOE5qQUtYQRahtwh9emSp2B7-JG02Od6gkHuj9yst914UPOfpRRTntCbAjKoGY-nKGAgn6XGFdzDIboPkTLt8DScTByKFc8D8G8sJt9BjVSTvELwFzWtRK-gpI68ouJVYX~IEW87Kab85~DwbMkefM4zQQ9jf2wxA__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Banks Committee referred S.8115, sponsored by Sen. Sanders, to the Internet and Technology Committee after extended debate over how automated decision tools (ADTs) should be used in lending.

The bill would amend the banking law relating to the use of automated decision tools to make lending decisions. Committee members and counsel discussed who the bill would cover — state‑chartered banks — and practical issues such as whether applicants should be offered a human reviewer and how to distinguish inadvertent errors from intentional misstatements.

Sen. Mark Walzick asked whether applicants should be allowed to insist on human review. “Wouldn't you want to have the option to say to the person, I want a person instead of a machine?” he asked. Sen. George Burrell raised workforce concerns and said state‑chartered, community banks are most affected and may lack the staff to provide widespread human review. Burrell also warned of competitive imbalance if the standard does not apply to out‑of‑state banks.

Committee discussion highlighted two practical issues: allowing applicants to correct honest errors on loan applications and preventing misuse where a false statement would not be corrected. Counsel confirmed the bill permits a period to correct errors.

After debate the committee moved and seconded the bill; the chair said the measure would be referred to the Internet and Technology Committee for fuller consideration.

","S.8115, to restrict automated decision tools in lending by state‑chartered institutions and require options for human review and error correction, was referred to Internet and Technology after extended discussion on scope and protections.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6531649,"Committee advances DFS Open Data Act to Finance Committee",37,288289,325879,"/Search/View?dp=1&key=3516074-7161ec01f0d082f2b3716642307944cb&start=288&end=325","https://assets.pipeline.soar.com/3516074-7161ec01f0d082f2b3716642307944cb/thumbnail_288289.jpg","/articles/6531649/New-York/Committee-advances-DFS-Open-Data-Act-to-Finance-Committee","https://secure.pipeline.soar.com/6531649-7ac85e934020c95d0e612a9af62f4a6c/orig.mp4?Expires=1771144438&Signature=moqE~gByHX0SQtE2VkTxy6-b06HYTLFnCy-RGO2uFpl6CKI~89jZ7PSX5uq-xZEkv2YHoG~XRtWOqwK1apNdUBfFhnSHn3deQddRCs~hvFj-77q9u-hZ7L5qWijOvLlBNYVT8eL2V2C4G~36~C3eFUw-f-AAosIkuzYtawsNMKblG0cs4Z3pV0rMPYYY17CjmxbiYbNeDzVNN61yGAYlvr1Nen7V6EU1cKXfim87~xziEqlkMRNtQ~E0abQbD6sp4W8Rnh-YVIpc3ooQoAkpTNbtax8w5knqH9sbNeOnMKWGrvVZ2jBtRjUiMkhTN1bBsXwJURcBx2NtwZMNSFyzKg__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Banks Committee reported S.8103, sponsored by Sen. Comrie, a bill to enact the Department of Financial Services Open Data Act.

There was no substantive debate in the recorded transcript. After a motion and second, the committee voted and the chair directed the bill be reported to the Finance Committee for further action.

The transcript includes no amendments or roll‑call details in the excerpt.

","S.8103, the Department of Financial Services Open Data Act, was moved and reported to the Finance Committee by the Banks Committee with little debate.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6531654,"Committee reports bill to extend DFS oversight to car sales; southern‑Tier senator warns of cross‑border impact",110,160415,271360,"/Search/View?dp=1&key=3516074-7161ec01f0d082f2b3716642307944cb&start=160&end=271","https://assets.pipeline.soar.com/3516074-7161ec01f0d082f2b3716642307944cb/thumbnail_160415.jpg","/articles/6531654/New-York/Committee-reports-bill-to-extend-DFS-oversight-to-car-sales-southernTier-senator-warns-of-crossborder-impact","https://secure.pipeline.soar.com/6531654-c0350f8f7dbe0439a4c0a8e8e01298fd/orig.mp4?Expires=1771144438&Signature=Nwl4JrPyPcwRUwqDznd5Io1Zey-nMUXDOyr2Lu7RGGGzyn-bAwj~Egu3Wo1poiXTPgGOCUisEip7iqHOPWtPdiPATeOp9yDur~3-JdHW-aqR20-Ef0HiNCjjV~rpTGm97EUbvNdvpDjgx~-D8sMnkw2YmTKB05~HcxOK0nNYaBpLHmN5Snerqlx7RMx0fxGw4c5ocvK6avtB8mDyW-ra22Kap-zU6paZXG0oV7d4iLWxHzz1tguHgpiyBhS9r7w4ZQHKe2JOsgOibiaqvu9Q7WdK2BoeErNaA4VFRyXda4doOmKNqoJbXs3Qw~eZS4uZCDmH9OlrFuLztwHAP75MEg__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Banks Committee reported out S.7654, sponsored by Sen. Byno, a measure that would expand the superintendent of financial services’ authority to oversee sales of motor vehicles to consumers, amend personal property law on installment contracts and change dealer disclosure and conditional delivery rules.

Sen. George Burrell said his district on New York’s southern tier already loses business to Pennsylvania and warned the bill could impose extra costs that further disadvantage local dealers. “We already lose a lot of car sales to the state of Pennsylvania … it’s just easier and cheaper to do business in Pennsylvania,” Burrell said and stated he would vote no on the measure.

Chair Sen. Sanders said the committee would take a motion; the bill was moved, seconded and the chair announced it was reported out of committee. The transcript records the earlier statement from Burrell that he intended to vote no; the committee record as read at the vote did not supply a full roll‑call in the transcript.

Sponsor remarks and debate noted growing problems in used‑car sales and consumer protections, with the chair saying the Department of Financial Services previously lacked clear oversight in this “gray area.” The committee did not detail amendments or a final vote tally in the transcript.

The bill will move to the next committee or floor process per legislative procedure.

","S.7654 would give the Department of Financial Services oversight of motor‑vehicle sales financing and change retail installment contract requirements; the committee reported the bill out despite at least one member voicing concern it could hurt dealers near the Pennsylvania border.",{"_33":113,"_35":36,"_37":38,"_39":114,"_41":115,"_43":116,"_45":117,"_47":118,"_49":119,"_51":120,"_53":121,"_55":56,"_57":58,"_59":122,"_61":62,"_63":64,"_65":123,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6531659,"Senate committee advances bill specifying reasons banks may close accounts, adds federal-law exceptions",118,39220,157989,"/Search/View?dp=1&key=3516074-7161ec01f0d082f2b3716642307944cb&start=39&end=157","https://assets.pipeline.soar.com/3516074-7161ec01f0d082f2b3716642307944cb/thumbnail_39220.jpg","/articles/6531659/New-York/Senate-committee-advances-bill-specifying-reasons-banks-may-close-accounts-adds-federal-law-exceptions","https://secure.pipeline.soar.com/6531659-db849ca9a8472a8e77155442caa19ba1/orig.mp4?Expires=1771144438&Signature=gPiiTJ1peBOOL1yoI1jWaVRZFl1-3EYY-Meqp507POfRaUJfmBtMyEUDB5MbphNpRI4FSPDPz9fjhCByM5vRzNhW6tEty2cRRid07MaPQGNJqsrB1RFUEHx~gCIJuIJUsrjGbRqiWhsFngZrYdX4rjoyfI-BkotQ0flhg20iJ3y48QhVWkNDN-88iM6BDgGds1JO0avsq7J1IwWWdOb7Wwl5G1AUrnxju7-TH6Qm90UMW6rj-aoTzrBlYZ8atJfYcVFayuUIIhQTTJ-lg0u2PNKBGMQqESovCpTv9MfK-h5ikvwn-mycY~taXKvUhlooYtN5KYM4rRn9pziKCixrRw__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Banks Committee on Oct. 26 reported out S.4603, sponsored by Sen. Sanders, an act to amend the banking law to establish criteria for the closure of bank accounts in New York.

The bill would define state-level criteria banks must follow when closing accounts and clarifies that federal law controls in certain instances. Talia, counsel to Sen. Sanders, told the committee the draft was revised after “feedback from the industry” asking that the text explicitly note when federal requirements — including the Bank Secrecy Act and anti‑money‑laundering rules — would control.

Sen. George Burrell, the committee’s ranking member, expressed concern about requiring banks to return funds if those funds are subject to prosecution for fraud or other crimes. “If that money needs to be held for very good reason because there's prosecution for fraud … I wouldn't want to see that go back to the defendant,” Burrell said.

After discussion, the committee moved and seconded the bill and recorded at least one negative vote during the roll call. The chair announced the bill was reported out of committee.

The committee did not provide a detailed vote tally in the transcript; the record shows a motion, a second and the chair stating the bill was reported out.

The bill will proceed to the next legislative step for further consideration.

","The Senate Banks Committee reported out S.4603, which would set state criteria for closing customer accounts while explicitly exempting instances where federal law such as the Bank Secrecy Act or anti-money‑laundering rules control.","actionData","errors"]

Article not found

Committee sends bill directing DFS to study banking development districts

Committee refers bill on automated decision tools in lending after debate over human review and fraud safeguards

Committee advances DFS Open Data Act to Finance Committee

Committee reports bill to extend DFS oversight to car sales; southern‑Tier senator warns of cross‑border impact

Senate committee advances bill specifying reasons banks may close accounts, adds federal-law exceptions