Cuomo Administration Takes Action to prevent Prohibited, On Line Payday Lending Through Debit Card Networks

Cuomo Administration Takes Action to prevent Prohibited, On Line Payday Lending Through Debit Card Networks Governor Andrew M. Cuomo announced brand new efforts to stop the processing of unlawful payday advances through debit card transactions and assistance protect ny consumers. MasterCard and Visa have agreed in talks using the Department of Financial Services (DFS) to…