Let me make it clear about NY DFS announces multistate investigation of payroll advance industry

Let me make it clear about NY DFS announces multistate investigation of payroll advance industry

The newest York Department of Financial Services (DFS) issued a news release to announce that it is leading a multistate investigation into the payroll advance industry yesterday. A payroll advance enables a worker to get into wages that he / she has acquired ahead of the payroll date on which such wages should be compensated by the manager. The price of obtaining a payroll advance may take various types, such as for example “tips” or month-to-month account charges where a worker works for a business that participates within the payroll advance system. Read more