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Governor Cuomo Announces Citibank, JPMorgan Chase, M&T Bank and Valley nationwide Bank to make use of DFS Database to Help Protect customers from prohibited, Online Payday Lending

Governor Cuomo Announces Citibank, JPMorgan Chase, M&T Bank and Valley nationwide Bank to make use of DFS Database to Help Protect customers from prohibited, Online Payday Lending

Banking institutions Will use DFS Database moneytree loans approved Tool to aid Prevent Electronic Payment and Debit Networks from Being Exploited by prohibited, on the web Payday Lenders

Bank of America consented to make use of the DFS Payday Lender Database earlier in the day this current year

Governor Andrew M. Cuomo announced today that four extra banks have actually decided to make use of a brand new database developed because of the State’s Department of Financial Services to greatly help recognize preventing unlawful, online payday lending in ny. The banks – Citibank, JPMorgan Chase, M&T Bank and Valley nationwide Bank – will start using a database containing all about organizations which were at the mercy of actions by DFS based on proof of unlawful lending that is payday.