Local & State. Therefore now our company is confronted with a scenario by which the CFPB is producing this guideline RALEIGH – It’s been 15 years since new york became the very first state in the nation to get rid of payday financing by simply making high interest loans illegal, and a decade because the last companies attempting to prevent the ban had been nipped within the bud. new york first adopted payday financing in 1999. Grassroots companies along with…