A new year brings new compliance requirements for non-banks and fintechs conducting business in New York, including Merchant Cash Advance (MCA) companies. On December 23, 2020, New York Gov. Andrew Cuomo signed SB5470...more
1/6/2021
/ Annual Percentage Rate (APR) ,
Customer Collateral Requirements ,
Department of Financial Protection and Innovation (DFPI) ,
Disclosure Requirements ,
Fees ,
Finance Charges ,
Governor Cuomo ,
Lending ,
Merchant Cash Advance (MCA) ,
New York ,
Prepayment Penalties ,
Small Business Loans ,
Truth in Lending Act (TILA)