Relates to civil penalties for certain fraud or misrepresentation of a material fact with respect to a financial product or service
S 3789 would amend New York's financial services law to impose civil penalties on financial service providers (such as banks, lenders, and insurers) who intentionally commit fraud or misrepresent important facts about financial products or services. The key provision clarifies that penalties apply only when providers intentionally deceive customers or make careless errors about key transaction details. This change targets specific misconduct in financial transactions to increase accountability for providers. The bill focuses on concrete policy adjustments to the existing law, without altering criminal penalties or creating new regulatory requirements.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2025
Last action Jun 5, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
S3789B
→
S3789C
·
2 edits
MINOR
The bill was reprinted as a third amendment to the Senate's order, indicating further legislative debate or modification. The text of the act itself remains substantively identical to the previous version, defining civil penalties for financial fraud and misrepresentation.
TECHNICAL
The bill number was updated from S 3789-B to S 3789-C, and the legislative tracking number was changed from LBD05052-06-6 to LBD05052-09-6 to reflect the new version.
The Senate procedural status was updated to show the bill has been amended again and ordered reprinted while retaining its place on the agenda for a third reading.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
13
Key actions
3
Committee
4
Amendments
3
Jun 5, 2026
Committee
COMMITTED TO RULES
upper
Jun 2, 2026
Upper · Passed
AMENDED ON THIRD READING 3789C
upper
May 19, 2026
Upper · Passed
AMENDED ON THIRD READING 3789B
upper
Jan 7, 2026
Committee
REFERRED TO BANKS
upper
Jun 13, 2025
Committee
COMMITTED TO RULES
upper
May 19, 2025
Upper · Passed
AMENDED ON THIRD READING 3789A
upper
Jan 30, 2025
Committee
REFERRED TO BANKS
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Zellnor Myrie
DDemocratic
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