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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

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Fighting Scams and Authorized Push Payment Fraud in the US

FICO

You never know when you’ll get a text from your leadership about testifying in front of the Senate! Most mobile and online banking allow customers to set up alerts so they know when purchases, withdrawals, or deposits are made against their accounts. in statistics, both from the University of South Carolina.

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