Please note: this meeting has been deferred.
Meeting Name: Committee on State and Federal Legislation Agenda status: Deferred
Meeting date/time: 10/26/2022 Deferred Minutes status: Deferred  
Meeting location: Committee Room - City Hall
Jointly with the Committee on Consumer and Worker Protection
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
Attachments: CLICK ANY FILE # BELOW (in blue) TO ACCESS LEGISLATION AND ATTACHMENTS
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T2022-2205 *   Oversight - Student Debt as a Barriers to Generational Wealth.Oversight    Action details Not available
Int 0366-2022 *Marjorie Velázquez  Dept of consumer and worker protection to report on public use of the department’s financial empowerment centers and student debt distress in the city.IntroductionThis bill requires the Department of Consumer and Worker Protections to report on the public’s use of its Financial Empowerment Centers, including statistics for services contracted out to external providers. The bill also requires the Department to report on student loan debt distress in New York City and to make the underlying data used for such report available on the New York City Open Data portal.   Action details Not available
Int 0621-2022 *Ari Kagan  Banning companies that charge a fee for “student debt relief” already provided by the federal government.IntroductionThis law is intended to ban businesses that offer student debt relief services for a fee. These businesses profit by charging vulnerable individuals exorbitant monthly fees for acting as middlemen in accessing services that are otherwise free from the federal government (with a phone call). The federal Department of Education has identified this practice as a “scam” and has warned holders of federal student loans about these businesses. This law also bans advertisements on behalf of such businesses and also includes a civil cause of action for individuals who fall victim to such businesses. These businesses typically advertise with signage in store front windows with a phone number to call.   Action details Not available
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