Cuomo Administration Needs 35 Organizations Cease and Desist Providing Prohibited Payday Loans Online That Harm Brand Brand Brand New York Customers

Governor Andrew M. Cuomo announced today that his management demanded 35 companies that are online and desist offering unlawful pay day loans to ny consumers. A thorough, ongoing Ny state dept. of Financial solutions (DFS) investigation uncovered that people organizations had been providing payday advances to customers over the Internet in breach of brand new York law, including some loans with yearly interest levels since high as 1,095 %. (more…)