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NYDFS

FintechNews RoundupUSA
·May. 20, 2019

Millennial Delinquency Rising, Fintech Earnings and Regulatory News

In this week’s PeerIQ Industry Update they cover the troubling data of millennial delinquency rising significantly higher than older borrowers;...
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FintechNews RoundupUSA
·Apr. 4, 2019

Earnin is Under Investigation by NY Department of Financial Services

Fintech startup Earnin, who bills itself as an early access program for people to get a piece of their paycheck...
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FintechNews RoundupUSA
·May. 3, 2019

New York Judge Creates a Major Roadblock for the OCC Fintech Charter

Yesterday, a New York federal judge ruled that the New York Department of Financial Services (NYDFS) could proceed with two...
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News RoundupOnline LendingUSA
·Mar. 29, 2017

NYDFS Examining Online Lenders

The New York Department of Financial Services continues to thoroughly investigate the business practices of online lenders; a proposal is in process that would require increased regulation for online lenders; specifically new regulations would be instituted for all lenders making personal loans of $25,000 or less and business loans of $50,000 or less and would also apply to online lenders involved in soliciting loans and buying loans.  Source

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