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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

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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.

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New York federal court stays lawsuit filed jointly by CFPB and New York Attorney General pending SCOTUS decision in CFSA

CFPB Monitor

In January 2023, the CFPB filed a lawsuit in a New York federal district court jointly with the New York Attorney General (NYAG) against an auto finance company alleging violations of the Consumer Financial Protection Act (CFPA) and New York law.

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Pending New York bills would significantly expand UDAP liability and persons entitled to sue

CFPB Monitor

Two companion bills titled the “Consumer and Small Business Protection Act” have been introduced in the New York legislature would make sweeping changes to the provisions of the state’s general business law (Section 349) dealing with deceptive practices. Continue Reading

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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.

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New York To Sunbelt State Tourists: Stay Home

PYMNTS

With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. New York Gov. Andrew Cuomo, New Jersey Gov. Phil Murphy and Connecticut Gov.

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Related Cos. CEO Calls For Workers To Come Back To New York City

PYMNTS

Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. They need to come back to New York [for] two reasons … one is to go to school, and to go the other is to work.". Related Cos.