The state Department of Financial Services proposed a new regulation intended to provide additional protections for New York student loan borrowers. The proposal would require companies that service student loans held by New Yorkers to meet new standards.
Continue reading “DFS proposes new standards for student loan servicers”
Debt collectors who use underhanded techniques to revive so-called “zombie debts” are facing push-back from state lawmakers and regulators.
Continue reading “States look to crack down on ‘zombie debt’ collectors”
The New York Credit Union Association is hosting a “Hike the Hill” event exclusively for New York credit union advocates in Washington, D.C. The two-day event will be held Sept. 23-24, and all New York credit union advocates are invited to attend.
Continue reading “New York CU advocates invited to Hike the Hill in Washington, D.C.”
Eleven U.S. House members from New York City and Long Island wrote a letter to four federal financial regulators calling for tougher oversight of lending in the taxi medallion industry.
Continue reading “11 NYC members of Congress call for increased oversight of medallion lenders”
New York Credit Union Association President/CEO William J. Mellin was featured in a column on cannabis banking published last week in the Schenectady Daily Gazette. In the column, which highlighted the challenges financial institutions face when it comes to serving the legal cannabis industry, Mellin called on lawmakers to pass the Secure and Fair Enforcement Banking Act.
Continue reading “Mellin discusses cannabis banking in Daily Gazette”
