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New York State Banking Department

Legalized Loan-Sharking: Is It Coming to New York?

Amy Traub | Posted 07.26.2011 | New York
Amy Traub

Payday lending has been denounced as "a scourge on vulnerable citizens" and condemned as "modern day usury." So why do some state legislators want to introduce these predatory financial products to NY?

In Fine Print, Banks Require Struggling Homeowners To Waive Rights

ProPublica | Paul Kiel | Posted 07.09.2011 | Business

A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mor...