CUOMO MANAGEMENT TAKES ACTION TO PREVENT PROHIBITED, ON LINE PAYDAY LENDING THROUGH DEBIT CARD NETWORKS

CUOMO MANAGEMENT TAKES ACTION TO PREVENT PROHIBITED, ON LINE PAYDAY LENDING THROUGH DEBIT CARD NETWORKS

Superintendent Lawsky Sends Cease-and-Desist Letters to Extra On Line Payday Lenders Illegally Lending in Nyc

Governor Andrew M. Cuomo announced brand new efforts to halt the processing of unlawful payday advances through debit card transactions and assistance protect ny customers. MasterCard and Visa have actually agreed in talks utilizing the Department of Financial Services (DFS) to simply just take a number of actions to simply help stop this unlawful task over their debit card companies. Continue reading “CUOMO MANAGEMENT TAKES ACTION TO PREVENT PROHIBITED, ON LINE PAYDAY LENDING THROUGH DEBIT CARD NETWORKS”