article thumbnail

Millennial credit card delinquencies rise: New York Fed

Payments Dive

in Q3 2019, according to a report from the Federal Reserve Bank of New York. Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5%

New York 418
article thumbnail

Credit card demand remains robust, rejections rise: New York Fed

Payments Dive

As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.

New York 429
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York enacts surcharge law

Payments Dive

The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.

New York 468
article thumbnail

New York Raises Check Cashing Fees

Perficient

Effective February 26, 2021, New York State has increased the maximum fee that check cashers in New York State may charge. The increase is to 2.27 percent of the face amount of a check, draft, or money order. The increase is permitted under Part 400.11 The increase is permitted under Part 400.11

New York 309
article thumbnail

A Recruiter’s Guide To Hiring In 2021

As the New York Times observed, “It’s a weird moment for the American economy.” With vaccination rates rising, consumers spending more money, and people returning to offices, the job market is going through a period of unprecedented adjustment. And recruiting professionals are caught in the middle.

article thumbnail

New York Governor’s Proposed TED Bill Includes Sweeping BNPL Legislation

CFPB Monitor

After promising earlier this year to “establish nation-leading regulations for the Buy Now Pay Later loan industry,” New York Governor Kathy Hochul took a significant first step in that direction by including Buy Now Pay Later (“BNPL”) legislation in her Proposed 2024-2025 Transportation, Economic Development and Environmental Conservation (“TED”) (..)

New York 139
article thumbnail

New York To Ease Cryptocurrency Regulations

PYMNTS

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. Once licensed by DFS, the program can support virtual currency firms. DFS is requesting public comment on this proposed framework by August 10th.

New York 240