2003 Legislative Update
|Sheldon Silver, Speaker Catherine Nolan, Chair December 2003
As the newly appointed Chairwoman of the Assembly Banks Committee, I am pleased to provide an update on the Committee’s activities during the 2003 legislative session. Thanks to the support of Speaker Sheldon Silver, and the cooperation of committee members and staff, the Banks Committee enjoyed a busy and productive year. Among our achievements was the extension of the State’s wildcard provisions that foster parity between federal and state-chartered banks. We also passed legislation, since signed into law, which extends the retention period of ATM surveillance tapes in an effort to curb ATM fraud. Additionally, this Committee will continue to monitor the national debate regarding federal preemption of state predatory lending laws, and we stand ready to re-examine this State’s predatory lending standards as the necessity arises.
I look forward to the upcoming 2004 legislative session, and I strongly encourage any person with questions or concerns for the Banks Committee to contact me.
2003 Legislative Initiatives
Automated Teller Machine (ATM) Legislation
ATM Access for the Visually Impaired
ATM Emergency Access Buttons
Credit Union Legislation
Maintaining Parity between Federal and State Credit Unions
The Banking Committee hosted Gretchen Dykstra, Commissioner of the New York City Department of Consumer Affairs at a joint meeting of the Banks Committee and the Consumer Affairs Committee. Pictured, left to right: Pauline Toole, New York City Department of Consumer Affairs; Brian Quiara, Banks Committee analyst; Teri Kleinmann, Banks Committee Counsel; Commissioner Dykstra; Assemblywoman Nolan; and Benita Leigh-Lewis, Banks Committee assistant.
Additional Legislative Highlights
In addition to the abovementioned bills, the Banks Committee also worked on the following bills during the 2003 session:
The Banks Committee held a joint public hearing with the Assembly Consumer Affairs Committee, the Assembly’s Puerto Rican/Hispanic Task Force and the NYC Department of Consumer Affairs at Hostos Community College in the Bronx. The hearing focused on the important issue of remittances. Pictured, left to right: Assemblyman Luis Diaz, Assemblyman Peter Rivera, Assemblywoman Audrey Pheffer, Assemblywoman Catherine Nolan and Gretchen Dykstra, Commissioner of the New York City Department of Consumer Affairs.
Assemblymember Catherine Nolan, Chairwoman
New York State Assembly
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