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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%

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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.

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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.

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New York Raises Check Cashing Fees


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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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 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”) (..)

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New York To Ease Cryptocurrency Regulations


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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