Payday loans--short-term, high-interest cash advances that often target low-income communities--are illegal in New York state. A 1976 law made it a felony to charge borrowers an interest rate above 25 percent. Because payday loans operate on quick lending cycles--usually two weeks--the annual intere ... More >>
Meet the state’s top banking regulator
It's no secret that Governor Andrew Cuomo is pretty pissed off with the lack of preparedness New York utilities companies had for Hurricane Sandy. It's also no secret that New York utilities companies have absolutely sucked at responding to power outages caused by the storm -- and Cuomo wants to kno ... More >>
