ny blocks ach withdrawls to pdl

You owe a refund ($200) from the Plain Green. If you've borrowed $890 from Discount Advances, then morally you need to pay back that amount only.

I have active loans with discount advances as well as plain green I have had multilpe loans with both companies and currently have paid 450 of 890 towards da and have already paid over 2300 towards a 2200 loan with pg my question is being that both companies are involed with the cease and desist issued by NY the site for da has been shut down and plaingreen payment never went through like usual ...I live in nj which prohibits these types of loans what should I do..?

Yeah...both the lenders are illegal in your state. Moreover payday lending is prohibited in NJ. Don’t pay them an extra penny other than the principal amount. Simply close down your old bank account and open a new one to stop debiting money from your account.

I revoked ACH with multiple PDLs but I was still expecting them to try to debit my account. None of them did for about 4 weeks now. I even received email saying payments are being delayed or even request to call and pay with a CC since they couldn't do ACH for the time being.

Examples:
08/09/2013 "Dear Valued Customer,
Unfortunately we are experiencing technical difficulties with our bank and will not be able to process payments for your upcoming due date. The charges due will be pulled from your account early next week. If you would like to pay over the phone using a credit or debit card you may give us a call. Your payment will be processed ASAP please make sure the funds are available." (I revoked their ACH authorization anyways so even if they eventually debit me, I will get a refund...so far nothing has happened)

This is because the ACH clearing house has shut down access to these companies ability to access consumer accounts -- thank you NY Superintendent Lawsky! I would use this opportunity to get a fresh start. They cannot try to collect on these loans either as debt collectors have already been warned they would be prosecuted if they attempted to collect on these illegal loans.

Way to go!!!

I saw a list of 35 pdl's online that are involved in the NY deal. Does that mean that if you are in another state that their ability to use ACH is affected? What if you are Mississippi. I have a loan with Mobiloans and I got an email that said they were no longer making loans to MS residents. I revoked ACH with them and offered to pay back principal but only get standard email responses that I should call in to resolve my issue. Haven't called and won't but was curious about the ACH thing. If they don't respond to me and accept the repayment of principal I guess I'll just walk away.

Yes -- the national ACH clearing house shut off their access.

mom :)
Just to be clear in my confused brain.
Are you saying for all states NJ included no ACH for these lenders ???

I don't doubt you one bit but are you sure??? The national clearing house has stopped them from doing ach in any state? That's great. I know I owe them principal and will pay if they accept but strangely they (Mobiloans) have not responded to any of my emails. I faxed and ach revocation on Monday and then logged into my account and it is flagged "call customer service rep to make payment" Other than that I've had no contact.

can they use remotely created checks to bypass the ACH network? I am concerned by this below* what do they mean by "prepare a check" I've arguing with them back and forth, they agree to just take the principal but they say ACH revocation authorized them to issue a check in my name payable to them! Any advice? I need to ask my Bank's fraud department just in case...

*"you authorize us to effect this payment by one or more ACH debit entries to your Account at the Bank. You may revoke
this authorization at any time up to 3 business days prior to the due date. However, if you timely revoke this authorization, you authorize us to prepare and
submit a check drawn on your Account to repay your loan when it comes due. If your Account is with us, you authorize us to deduct the payment from your
account on the day the loan comes due."

Nacha has this warning : "consumers have significant protections provided by Regulation E
and the NACHA Rules, and are much better insulated against questionable transactions through
the ACH Network than when third parties use “remotely created checks” to debit consumers’
accounts."

I found this in my mom's contract with Plain Green. Is this what you are talking about?

REMOTELY CREATED CHECK AUTHORIZATION: This Remotely Created Check Authorization applies only to Borrowers who
have granted an ACH Authorization to Lender in connection with this Loan. If we are unable to process an ACH debit to your Bank Account or we do not receive a payment by the Payment Due Date, and provided that you have not revoked your ACH
Authorization, you authorize us and our agents, representatives, successors and assigns to create and submit remotely-created
checks for payment to us in the amount of each payment owing under this Agreement, including any returned payment charges or other amounts owing to us upon acceleration of this Loan as a result of your Default. Your typed signature below shall constitute
your authorization to us to authenticate remotely created checks, which are also known as demand drafts, telechecks, preauthorized
drafts, or paper drafts. If you believe we charged your Bank Account in a manner not contemplated by this authorization, then
please contact us. You authorize us to vary the amount of any preauthorized payment by remotely created check as needed to
repay installments and any other payments due under this Agreement. CHECK CONVERSION NOTIFICATION: When you provide a check as payment, you agree we can eith

Even though these guys are illegal it is entirely possible that they could remotely create checks to try and obtain the payments that way. If you are concerned that this could happen then best to close your bank account.