I WANT YOU: "We will be reaching out to additional banks asking that they join us in this effort," Benjamin Lawsky, New York's top financial regulator, said after praising B of A for being the first participant.
CCR - Regulation
B of A Joins N.Y. Plan for Online Lending Crackdown
JUN 17, 2014 9:15am ET
The state of New York's crackdown on illegal online payday loans is being ratcheted up, with Bank of America (BAC) taking unprecedented steps to help state officials ferret out misconduct.
To continue reading, please log in or complete the free registration.