News & Analysis as of

Consumer Financial Products NYDFS New Regulations

Orrick, Herrington & Sutcliffe LLP

NYDFS issues RFI concerning state Buy-Now-Pay-Later Act

On July 31, NYDFS issued a Request For Information (RFI) seeking responses by August 29 from entities whose activities may be covered by the Buy-Now-Pay-Later (BNPL) Act, as well as from any other interested parties. NYDFS is...more

Orrick, Herrington & Sutcliffe LLP

NYDFS issues check-cashing fee regulations

On January 18, NYDFS announced that it has adopted an updated check cashing regulation. As previously covered by InfoBytes, NYDFS issued a proposed check cashing regulation in June 2022, following an emergency regulation...more

Ballard Spahr LLP

Final regulations implementing New York student loan servicing law effective Oct. 16

Ballard Spahr LLP on

Final regulations adopted by the New York Department of Financial Services (NYDFS) to implement the state’s new student loan servicing law became effective on October 16, 2019 upon the publication by the NYDFS of a Notice of...more

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