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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

The DFS states that the investigation will focus on “whether companies are in violation of state banking laws, including usury limits, licensing laws and other applicable laws regulating payday lending and consumer protection laws.” Illinois Department of Financial Professional Regulation. Oklahoma Department of Consumer Credit.

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GonzoBanker Awards 2017

Gonzobanker

Heavy-handed regulators. GonzoBanker of the Year – The Gonzo team would like to salute the career of David Rainbolt of BancFirst in Oklahoma. BNC shareholders got a terrific premium, a 47% dividend increase, and a continued leadership role for Richard D. This year brought us: Mergers out the yin-yang. Payments chaos.