Cuomo Administration Takes Action to prevent Prohibited, On The Web Payday Lending Through Debit Card Networks Governor Andrew M. Cuomo announced brand new efforts to stop the processing of unlawful payday advances through debit card transactions and help protect ny customers. MasterCard and Visa have actually agreed in conversations with all the Department of Financial Services (DFS) to simply simply take a few actions to greatly help stop this activity that is illegal their debit card sites. A continuing, considerable DFS investigation has uncovered that as regulatory force mounts on online payday lenders punishment of this Automated Clearing House (ACH) …