There is a proper way to split the filename and the extension: Extract filename and extension in Bash
You can apply it like this:
date=$(date +"%m%d%y")
for FILE in folder1/*.csv
do
bname=$(basename "$FILE")
extension="${bname##*.}"
filenamewoext="${bname%.*}"
newfilename="${filenamewoext}${date}.${extension}
cp folder1/${FILE} folder2/${newfilename}
done