The New York State Department of Financial Services (DFS) has announced that it has entered into a consent order with an online payday loan lead generator and its chief executive officer (CEO) (collectively, respondents) to...more
3/25/2016
/ Consent Order ,
Consumer Financial Products ,
Corporate Counsel ,
Data Security ,
Notification Requirements ,
NYDFS ,
Online Marketplace Lending ,
Payday Loans ,
Personally Identifiable Information ,
Popular ,
Usury
In a shot across the bow of online payday lenders who allegedly disregard state law where their borrowers reside, a New York County grand jury recently voted a criminal usury and conspiracy indictment against 12 companies...more
On January 24, 2014, New York Attorney General Eric Schneiderman announced that a settlement had been reached with Western Sky Financial, LLC, Cash Call, Inc., WS Funding, LLC, and their principals for alleged violations of...more