DESIST PROVIDING PROHIBITED PAYDAY LOANS ONLINE THAT DAMAGE NYC CUSTOMERS

DESIST PROVIDING PROHIBITED PAYDAY LOANS ONLINE THAT DAMAGE NYC CUSTOMERS

Cuomo Administration needs Banking institutions and NACHA make use of DFS to stop Payday Lenders’ Access to Customer Accounts

Governor Andrew M. Cuomo announced today that their management demanded 35 companies that are online and desist offering illegal pay day loans to ny customers. A thorough, ongoing New York State Department of Financial solutions (DFS) investigation uncovered that people organizations had been providing pay day loans to customers on the internet in breach of the latest York legislation, including some loans with yearly interest levels because high as 1,095 %. Continue lendo “DESIST PROVIDING PROHIBITED PAYDAY LOANS ONLINE THAT DAMAGE NYC CUSTOMERS”