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 expanding the New York Financial Services law to require non-banks and fintechs to provide small businesses with lending disclosures similar to those
Alternative Finance
Trending Now: Alternative Forms of Person-to-Person Payments
By Bradley on
Posted in Alternative Finance
Are you more likely to leave your house without your mobile phone or without cash? Very few of us carry cash anymore, but according to the March 2016 Board of Governors of the Federal Reserve System report entitled Consumers and Mobile Financial Services 2016, 87 percent of the U.S. adult population has a mobile…