Governor Cuomo Announces Citibank, JPMorgan Chase, M&T Bank and Valley National Bank to make use of DFS Database to Help consumers that are protect prohibited, Online Payday Lending

Governor Cuomo Announces Citibank, JPMorgan Chase, M&T Bank and Valley National Bank to make use of DFS Database to Help consumers that are protect prohibited, Online Payday Lending

Banking institutions Will use DFS Database Tool to Help Prevent Electronic Payment and Debit Networks from Being Exploited by prohibited, on the web Payday Lenders

Bank of America decided to utilize the DFS Payday Lender Database early in the day this present year

Governor Andrew M. Cuomo announced today that four extra banks have actually agreed to make use of a brand new database produced because of the State’s Department of Financial solutions to simply help determine preventing unlawful, online payday lending in nyc. The banks – Citibank, JPMorgan Chase, M&T Bank and Valley nationwide Bank – will start using a database containing informative data on organizations which were at the mercy of actions by DFS based on proof unlawful lending that is payday. Continue reading “Governor Cuomo Announces Citibank, JPMorgan Chase, M&T Bank and Valley National Bank to make use of DFS Database to Help consumers that are protect prohibited, Online Payday Lending”