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State Regulators Investigate Payday Advances

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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. Many people living paycheck to paycheck already make more than median income.”.

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Fizzle Of The Week: Puerto Rico’s Cash Crisis

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Also, Amazon is expanding Alexa to BMW to be included in vehicles from that iconic automotive brand in the future. Wells CEO Tim Sloan has gotten a letter from the Senate Committee on Small Business and Entrepreneurship asking for information and insight into the firm’s small business lending practices. Puerto Rico is short on cash.