CUOMO MANAGEMENT DEMANDS 35 ORGANIZATIONS CEASE AND DESIST PROVIDING PROHIBITED ONLINE PAY DAY LOANS THAT DAMAGE NY CUSTOMERS

CUOMO MANAGEMENT DEMANDS 35 ORGANIZATIONS CEASE AND DESIST PROVIDING PROHIBITED ONLINE PAY DAY LOANS THAT DAMAGE NY CUSTOMERS

Substantial DFS Investigation Uncovers Companies Illegal that is offering Payday to New York customers with yearly rates of interest As High as 1,095 %

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

Governor Andrew M. Cuomo announced today that their management demanded 35 companies that are online and desist offering unlawful payday advances to New York customers. (more…)