New York State Reaches Settlement with Payday Lenders

Following recent regulatory actions undertaken by the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency regarding short term loans (also referred to as “payday loans” and “cash advances”) and the thirty-five (35) cease and desist letters issued in August 2013 by New York’s Department of Financial Services to online payday lenders, […]

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