Regulators are taking a closer look at financial apps that allow workers to access their pay early. The apps claim they are more affordable — and safer — alternatives for Americans who live paycheck to paycheck, according to The Wall Street Journal. But regulators from...
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. On Tuesday (August 6), Financial Services Superintendent Linda Lacewell...
Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The New York Department of Financial Services took interest in the matter after reports emerged in the New York Post that questioned whether the...
September 02, 2019
Regulators are taking a closer look at financial apps that allow workers to access their pay early. The apps claim they are more affordable — and safer — alternatives for Americans who live paycheck to paycheck, according to The Wall Street Journal. But regulators from New York and 10 other states aren’t convinced. Last month, […]
August 08, 2019
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically...
