Since issuing an All Institutions letter payday that is regarding on June 29, 1999, the Banking Department happens to be conscious that banking institutions as well as other organizations are continuing to advertise and supply these loans in New York State. Pay day loans are generally made at usurious interest levels as described below.

As both a preventive measure and an effort to generate more information from consumers, our company is taking this possibility to once more explain the Banking Departments view of particular techniques pertaining to payday financing. Read more →