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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 pay day loans through debit card transactions and assistance protect ny customers. MasterCard and Visa have actually agreed in talks aided by the Department of Financial Services (DFS) to just take a number of actions to greatly help stop this activity that is illegal their debit card companies. Continue reading