<P> Budget planners A budget planner is a non-profit corporation that enters into a contract with a debtor under which the debtor agrees to pay a sum of money periodically to the budget planner, which the budget planner distributes among the debtor's creditors . A budget planner also provides credit counseling and financial education . Section 456 of the General Business Law prohibits budget planning by anyone other than a non-profit corporation . Budget planners are licensed by the Banking Department under Article XII - C of the Banking Law . </P> <P> Check cashers A check casher is a person whose primary business is the cashing of checks, drafts or money orders for a fee . (A license is not required when a person cashes checks, drafts or money orders without charge, or when the person cashes checks, drafts or money orders as an incident to the conduct of another lawful business (e.g. a store) and not more than $1.00 is charged .) Check cashers are licensed by the Superintendent of Banks under Article IX - A of the Banking Law . </P> <P> Credit unions There are two forms of credit unions under Article 11 of the Banking Law . A credit union is a non-stock corporation (i.e. a membership corporation) whose members must either have a common employer or be members of the same trade, industry, profession, club, union, society or other association . Credit unions accept deposits from, make loans to and issue credit cards to their members, among other things . A corporate credit union is a credit union whose members are primarily other credit unions . New York state - chartered credit unions are also regulated by the National Credit Union Administration, which also insures credit union share accounts up to certain limits . </P> <P> Foreign banks (branches, agencies and representative offices) A New York branch is an office of a foreign bank that is licensed by the Superintendent to conduct a banking business in New York . A branch may exercise the same powers as a state - chartered commercial bank, including accepting deposits, making loans, issuing letters of credit, dealing in foreign exchange, making acceptances and, if authorized, exercising fiduciary powers . There are two types of foreign branches--insured and uninsured . An insured branch may conduct a retail banking business in New York, making consumer loans and accepting consumer deposits . An uninsured branch may accept deposits only as authorized by the FDIC Rules, with disclosure of their non-insured status . Since FDICIA was passed in 1991, no new insured branches have been allowed . </P>

Superintendent of banks of the state of new york