Statement of New York Superintendent of Banks Richard H. Neiman
September 17, 2010
New York, N.Y.: “The Consumer Financial Protection Bureau deserves immediate focus. The appointment of Elizabeth Warren, a tireless and supremely effective advocate, to push forward on this pillar of regulatory reform is welcome news for consumers. I have been pleased to serve with her on the Congressional Oversight Panel for TARP and am now eager to work with her, along with other progressive states like New York, in pursuit of an even greater mission.”
The New York State Banking Department is the regulator for all state-chartered banking institutions, virtually all of the United States offices of international banking institutions, all of the State’s mortgage brokers, mortgage bankers, check cashers, money transmitters and budget planners. The aggregate assets of the depository institutions supervised by the Banking Department are more than $2.4 trillion.
In addition to regulating banking institutions, the Banking Department is active in informing and educating all New Yorkers on banking matters. To contact the Banking Department, please call 1-877-BANK-NYS or visit our Web site at www.dfs.ny.gov.