-
New York consumers who paid exorbitant interest rates to the online lender Western Sky and the online loan servicer CashCall can begin filing claims to collect refunds.
May 20 -
New York Attorney General Eric Schneiderman on Monday renewed calls for the state legislature to address the problem of "zombie properties," or foreclosed homes that banks have walked away from to avoid the cost of maintenance.
May 19
New York Attorney General Eric Schneiderman
"Workers should not have to pay in order to get their pay," he said in a press release. "While payroll cards can be helpful for employees without bank accounts, programs often impose fees that chip away at people's hard-earned wages."
Payroll cards are used by employers as an alternative to sending a paper check or making a direct deposit. They allow workers, who often don't have bank accounts, to access their pay by withdrawing cash at an automated teller machine or making point-of-sale purchases.
The legislation, which was introduced in the state assembly by Majority Leader Joseph D. Morelle, would impose new disclosure requirements for payroll cards and restrict certain types of fees.
The measure is based on a set of policy recommendations from a report
