N.Y. BNK Law § 747

* § 747. Authority of superintendent. 1. The superintendent is\nauthorized to promulgate such general rules and regulations as may be\nappropriate to implement the provisions of this article, protect\nconsumers, and ensure the solvency and financial integrity of\nbuy-now-pay-later lenders. The superintendent is further authorized to\nmake such specific rulings, demands, and findings as may be necessary\nfor the proper conduct of the business authorized and licensed under and\nfor the enforcement of this article, in addition hereto and not\ninconsistent herewith.\n 2. In addition to such powers as may otherwise be prescribed by law,\nthe superintendent is hereby authorized and empowered to promulgate such\nrules and regulations as may in the judgment of the superintendent be\nconsistent with the purposes of this article, or appropriate for the\neffective administration of this article, including, but not limited to:\n (a) such rules and regulations in connection with the activities of\nbuy-now-pay-later lenders as may be necessary and appropriate for the\nprotection of borrowers in this state;\n (b) such rules and regulations as may be necessary and appropriate to\ndefine deceptive or unfair practices in connection with the activities\nof buy-now-pay-later lenders;\n (c) such rules and regulations as may define the terms used in this\narticle and as may be necessary and appropriate to interpret and\nimplement the provisions of this article; and\n (d) such rules and regulations as may be necessary for the enforcement\nof this article.\n 3. When promulgating rules and regulations under this article, the\nsuperintendent shall consider the applicability of other articles of\nthis chapter to buy-now-pay-later lenders and buy-now-pay-later loans\nfor the purpose of avoiding conflicting requirements.\n * NB Effective upon the one hundred eightieth day after the\npromulgation of rules and/or regulations by the department of financial\nservices to effectuate certain provisions (see Ch. 58 of 2025, Part Y, §\n13)\n