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DFS Press Releases: 2018

Release Date Subject
11/14/2018

DFS Grants Virtual Currency and Money Transmitter License to NYDIG Execution, LLC

11/02/2018

DFS Authorizes Expansion of New York State-Chartered Bank

11/01/2018 DFS Superintendent Vullo Directs Health Insurers and Brokers to Ensure Plans Deliver all Consumer Protections Provided Under New York Law
11/01/2018

DFS Grants Virtual Currency License to Coinsource, Inc.

10/26/2018

DFS Announces Conversion of PCSB Bank to a New York State Chartered Commercial Bank Serving the Lower Hudson Valley

10/23/2018

DFS Authorizes Coinbase Global, Inc. to Form Coinbase Custody Trust Company LLC

10/22/2018

Financial Services Superintendent Maria T. Vullo Announces the Approval of New Banking Development District in Bronx Community District 6

10/16/2018

DFS Superintendent Vullo Announces $5.78 Million in Restitution to Sentinel Insurance and Selective Insurance New York Policyholders

10/10/2018

DFS Fines Mashreqbank and its New York Branch $40 Million for Violations of New York Anti-Money Laundering and Recordkeeping Laws

10/01/2018

DFS Announces Conversion of Northern Federal Credit Union to a New York State Charter

10/01/2018

DFS Superintendent Vullo Announces Next Phase of Expanded Participation in State-Based NMLS Platform, Enhancing State Regulation of the Financial Services Industry

09/25/2018

DFS Advises State-Chartered Banks of Their Responsibilities in Lending to Landlords of Rent-Stabilized or Rent-Regulated Multi-Family Residential Buildings

09/19/2018

DFS Announces New Actions to Combat the Opioid Crisis and Ease Roadblocks to Addiction Treatment

09/18/2018

DFS Superintendent Maria T. Vullo Announces New Cayuga County Banking Development District and Approval of a New Banking Development District Branch in Albany County

09/10/2018

DFS Continues to Foster Responsible Growth in New York’s Fintech Industry with New Virtual Currency Product Approvals

09/05/2018

DFS Issues 2018 Edition of New York Consumer Guide to Health Insurers

08/31/2018

DFS Approves AXA SA's Acquisition of XL Insurance Company, Inc. and XL Reinsurance America, Inc.

08/24/2018

DFS Approves Nordea Holding Abp’s New York State-Licensed Branch

08/23/2018

DFS Takes Action to Protect New Yorkers from Unfair Auto Lending Practices as Federal Government Rolls Back Consumer Protections

08/22/2018

DFS Launches Online Registration Form for Credit Reporting Agencies to Protect the Private Information of New Yorkers

08/21/2018

Governor Cuomo Signs Legislation to Ban Placement Agents in the NYS Common Retirement Fund

08/21/2018

Governor Cuomo Announces Reforms to Improve Standards and Increase Transparency in the Bail Bond Industry

08/08/2018

DFS Superintendent Vullo Reminds Regulated Entities of Approaching Cybersecurity Regulation Compliance Effective Date

08/03/2018

DFS Takes Action to Ensure a Continued Healthy and Competitive 2019 New York Health Insurance Market Despite Continued Wrongful Federal Attacks on the Affordable Care Act

07/27/2018

DFS Superintendent Vullo Reminds Insurers that Federal Association Health Plan Rule Does Not Preempt State Law

07/18/2018

DFS Issues Final Life Insurance and Annuity Suitability and Best Interests Regulation Protecting Consumers from Conflicts of Interest

07/16/2018

DFS Grants Virtual Currency License to Bitpay, Inc.

07/11/2018

DFS Issues Online Lending Report

07/09/2018

Governor Cuomo Announces New Actions to Protect Reproductive Rights in Face of Federal Assault

07/09/2018

Governor Cuomo Directs DFS to Take Immediate Action to Protect New Yorkers' Access to Affordable Health Care After Trump Administration Suspends ACA'S Risk Adjustment Program

07/03/2018

Governor Cuomo Announces Further Action to Support Development of Medical Marijuana and Industrial Hemp Businesses in New York

07/02/2018 DFS Announces Nearly $2.5 Million in Consent Orders with AFLAC and Transamerica Financial Life Insurance Company for Violations of New York Insurance Law and Regulation
06/28/2018

DFS Announces Consent Order Requiring Athene Life Insurance to Pay $15 Million Fine for Insurance Law Violations and First Allmerica Financial to Take Corrective Actions Totaling Up to $40 Million

06/27/2018

DFS Takes Additional Action to Hold Equifax Accountable for Massive 2017 Data Breach

06/25/2018

Governor Cuomo Announces Action to Protect New Yorkers' Private Information Held by Credit Reporting Companies

06/24/2018

Governor Cuomo Announces Health Care Protections for Transgender New Yorkers

06/22/2018

DFS Announces Additional Action to Ensure that Insurers Do Not Discriminate Against New Yorkers Who Use Hiv-Prevention Medication

06/21/2018

DFS Superintendent Vullo Acts to Ensure that New York Health Insurers Cannot Attempt an “End Run” Around State Law with Short-Term Plans in the Face of Detrimental Federal Administrative Actions

06/20/2018

DFS Fines Deutsche Bank AG $205 Million for Unlawful, Unsafe and Unsound Conduct in its Foreign Exchange Trading Business

06/18/2018

DFS Grants Virtual Currency License to Square, Inc.

06/14/2018

DFS Continues to Advance Responsible Growth in New York’s Fintech Industry with New Virtual Currency Approvals

06/13/2018

DFS Authorizes Victoria Mutual Building Society to Establish First New York Representative Office

06/01/2018

Proposed 2019 Health Insurance Premium Rates For Individual And Small Group Markets

05/31/2018 Governor Cuomo Announces Public Sessions on New York's Aggressive Actions to Combat Abuses in the Bail Bond Industry
05/23/2018

Governor Andrew Cuomo Announces Action to Remind Health Insurers to Provide Comprehensive Lactation Support Services to New Mothers

05/21/2018

DFS Announces Authorization of New York State-Chartered Amalgamated Bank’s Purchase of New Resource Bank

05/17/2018

Governor Andrew Cuomo Issues Update on Storm Response in Mid-Hudson Region

05/17/2018

Governor Cuomo Launches New Multi-Agency Effort to Combat Maternal Depression

05/17/2018

DFS Continues Actions to Support Responsible Innovation in New York’s Fintech Industry

05/16/2018

ICYMI: Superintendent Vullo's Op-Ed in Crain’s New York Business On Protecting New York's Health Insurance Marketplace from Trump - Washington's Fear-Mongering Does Not Justify Excessive Rate Increases

05/16/2018

Governor Cuomo Tours Storm Damage in Putnam County and Issues Recovery Update

05/14/2018

DFS Authorizes Gemini Trust Company to Provide Additional Virtual Currency Products and Services

05/07/2018 DFS Fines Chubb Subsidiary Illinois Union Insurance Company $1.3 Million for Underwriting NRA-Branded “Carry Guard” Insurance Program in Violation of New York Insurance Law
05/03/2018 Department Of Financial Services Levies $6.3 Million Civil Penalty Against William Penn for Improper Reinsurance Transactions
05/02/2018 DFS Fines Lockton Companies $7 Million for Underwriting NRA-Branded “Carry Guard” Insurance Program in Violation of New York Insurance Law
05/01/2018 DFS Fines Goldman Sachs $54.75 Million for Unsafe and Unsound Conduct in its Foreign Exchange Trading Business
04/27/2018 DFS Issues Updated Proposed Life Insurance and Annuity Suitability Regulation Requiring a Best Interest Standard to Protect Consumers from Conflicted Advice
04/25/2018 DFS Superintendent Vullo Announces Next Phase of New York’s Expanded Participation in State-Based NMLS Platform, Enhancing State Regulation of the Financial Services Industry
04/24/2018 DFS Superintendent Vullo Issues Updated Disaster Response and Recovery Plan Requirements for Insurers
04/18/2018

Governor Cuomo Directs Department of Financial Services to Urge Companies to Weigh Reputational Risk of Business Ties to the NRA and Similar Organizations

04/16/2018

DFS Superintendent Vullo Issues Consumer Alert Regarding Rent-To-Own and Land Installment Contracts

04/12/2018

Governor Cuomo Directs the Department of Financial Services to Issue Guidance and Take Action to Protect Passengers and Drivers on New York Roadways

04/11/2018

DFS Fines Nationstar Mortgage LLC $5 Million for Violations of New York Banking Law

04/10/2018

DFS to Co-Host Fintech Forum with Conference of State Banking Supervisors

04/09/2018 DFS Reminds Regulated Entities of Anti-Terrorism Transaction Monitoring Regulation Certification Deadline
04/04/2018

DFS Approves New Entrant To New York Insurance Market

03/29/2018

DFS Authorizes Expansion of New York State-Chartered Bank

03/22/2018 DFS Announces New Agreement with Fourth Major Insurer to Protect New York Drivers from Unfairly Discriminatory Auto Insurance Rates
03/15/2018

DFS Fines QBE Insurance $750,000 for Issuing Impermissible Insurance Covering Students Enrolled in Institutions of Higher Education

03/13/2018 DFS Announces New Agreement with GEICO to Protect New York Drivers from Unfairly Discriminatory Auto Insurance Rates
03/08/2018 New York State Department of Financial Services and The Bank of Israel Sign Memorandum of Understanding
03/01/2018

Governor Cuomo Announces Actions to Improve Access to IVF and Fertility Preservation Services

02/20/2018

Governor Cuomo Takes Action to Help Local Governments Improve Health Insurance Options and Address Rising Health Costs

02/13/2018 DFS Grants Charter to Equiniti Trust Company
02/07/2018 DFS Takes Action to Deter Fraud and Manipulation in Virtual Currency Markets
02/05/2018

Governor Cuomo Announces 30-Day Budget Amendment to Help Combat the Fentanyl Crisis in New York State

01/29/2018

DFS Issues Order Regarding Interest on Escrow Account to Make State-Chartered Financial Institutions Competitive with Their Federal Counterparts

01/26/2018

New York State Reminds New Yorkers to Protect Themselves from Cyber Crime in Recognition of Data Privacy Day

01/25/2018

Governor Cuomo Signs Executive Order to Combat Widespread Flu Epidemic in New York

01/25/2018

Governor Cuomo Announces Efforts to Combat Maternal Depression and Prevent Maternal Mortality

01/24/2018 Governor Cuomo Announces New York Power Recovery Contingent Has Restored Nearly 240,000 Customers in the San Juan Metro Area of Puerto Rico
01/23/2018

DFS Approves Reinsurance Partnership with Security Mutual Life and Grants New License to Renaissance Life & Health Insurance Company of New York

01/22/2018

DFS Superintendent Vullo Issues Cybersecurity Filing Deadline Reminder

01/04/2018

DFS Fines Western Union $60 Million for Violations of New York’s Anti-Money Laundering Laws and for Ignoring Suspicious Transactions to Locations in China

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