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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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More Gain, Less Pain

Independent Banker

Those categories are technology and connection types; delivery channels; online/mobile products and technology services; organizational characteristics; and external threats. No one knows yet how in-depth the regulators might want those assessments.”. Ellen Ryan is a freelance writer in Maryland. Advice for others.

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More Gain, Less Pain

Independent Banker

Those categories are technology and connection types; delivery channels; online/mobile products and technology services; organizational characteristics; and external threats. No one knows yet how in-depth the regulators might want those assessments.”. Ellen Ryan is a freelance writer in Maryland. Advice for others.

Tools 70
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The community bank’s complete guide to building trust

Independent Banker

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. With much banking moving online or to smartphones, interactions with customers can be less frequent. It’s traumatic for bank leadership. Illustration by Ahoy There.

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