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Committee on State and Federal Legislation

Thursday, November 17, 2022 · 1:00 PM AM · Council Chambers - City Hall

TL;DR

The Committee on State and Federal Legislation held hearings on student debt as a barrier to building generational wealth in New York City. The committee heard testimony on two proposed laws: one requiring the Department of Consumer and Worker Protection to report on financial empowerment services and student debt issues, and another to ban predatory student debt relief scams and allow borrowers to sue companies charging fees for federally-available relief.

Key Decisions

  • Oversight hearing on student debt as barrier to generational wealth Hearing held and filed
  • Proposed law requiring DCWP reporting on financial empowerment centers and student debt distress Hearing held; laid over for further consideration
  • Proposed law banning fraudulent student debt relief fees and creating private cause of action Hearing held; laid over for further consideration
Agenda PDF Minutes PDF

Agenda

  1. T2022-2205 Oversight - Student Debt as a Barriers to Generational Wealth.
    Oversight
    Action: Hearing Held by Committee

    This Oversight was Hearing Held by Committee

  2. Int 0366-2022 A Local Law to amend the administrative code, in relation to requiring the department of consumer and worker protection to report on public use of the department’s financial empowerment centers and student debt distress in the city
    Introduction
    Action: Hearing Held by Committee

    This Introduction was Hearing Held by Committee

  3. Int 0621-2022 A Local Law to amend the administrative code of the city of New York, in relation to banning companies that charge a fee for “student debt relief” already provided by the federal government and creating a private cause of action for borrowers who fall victim to these scams
    Introduction
    Action: Hearing Held by Committee

    This Introduction was Hearing Held by Committee

  4. Jointly with the Committee on Consumer and Worker Protection
  5. Roll Call
  6. Untitled item
  7. Int 0366-2022 A Local Law to amend the administrative code, in relation to requiring the department of consumer and worker protection to report on public use of the department’s financial empowerment centers and student debt distress in the city
    Introduction
    Action: Laid Over by Committee

    This Introduction was Laid Over by Committee

  8. Int 0621-2022 A Local Law to amend the administrative code of the city of New York, in relation to banning companies that charge a fee for “student debt relief” already provided by the federal government and creating a private cause of action for borrowers who fall victim to these scams
    Introduction
    Action: Laid Over by Committee

    This Introduction was Laid Over by Committee

  9. T2022-2205 Oversight - Student Debt as a Barriers to Generational Wealth.
    Oversight
    Action: Filed, by Committee

    This Oversight was Filed, by Committee