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 Alternative On The Web Payday Lenders Illegally Lending in Ny

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

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