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State RegulatorsĀ Investigate Payday Advances

PYMNTS

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. They see themselves as offering up an entirely different product from stem to stern.

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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

CB Insights

California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. Inked Brands. $ D3 Technology. South Carolina. South Dakota. Click on the image below to enlarge. The company was last valued at $4.5B Regent Education. Massachusetts. Bright Health.