2015 New York Laws
BNK - Banking
Article 10 - (Banking) SAVINGS AND LOAN ASSOCIATIONS
380-I - Personal loan departments.

 380-i. Personal loan departments. Subject to such regulations as the
  superintendent  of  financial services may prescribe, a savings and loan
  association may operate a personal loan department under the same  terms
  and  conditions  as  are  provided  under  subdivisions four and five of
  section one hundred eight of this chapter.
The superintendent of financial services shall  be  empowered  (a)  to
  prescribe  the  terms and conditions governing the conduct and operation
  of personal loan departments including the maximum amount, expressed  as
  a   percentage  of  assets  or  otherwise,  which  a  savings  and  loan
  association may invest pursuant to the provisions of this subdivision or
  in the aggregate, taking into  account  such  other  provisions  of  law
  authorizing  investments  by  savings  and  loan associations and (b) to
  prescribe such terms and conditions as may be appropriate to  effect  or
  facilitate  the  tranfer of accounts operated pursuant to the provisions
  of any other section of this chapter to the  personal  loan  departments
  authorized to be operated hereunder.
In  pursuance  of  the  authority  granted  hereunder savings and loan
  associations shall be empowered to issue credit cards, extend credit  in
  connection  therewith,  and otherwise engage in or participate in credit
  card operations,  and  to  act  as  financing  agencies  as  defined  in
  subdivision  nine  of section three hundred one and subdivision eighteen
  of section four hundred one of the personal property law.