Why aren’t pay day loans legal in ny?

Why aren’t pay day loans legal in ny?

You are can not pay day loan in nyc, but there are some other choices.

Yourself short on cash and need to borrow a small amount of money, you may be considering a payday loan if you’ve found. Our guide will provide you with one other choices you’ll want to make a decision that is good.

NY Banking Law 373 bans check cashers from making loans or advancing money, and NY Penal Code 190.40 caps interest at 25%. Read more