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DFS Press Releases: 2018

Release Date Subject

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


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


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


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


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


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


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


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


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


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


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


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


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


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


DFS Grants Virtual Currency License to Bitpay, Inc.


DFS Issues Online Lending Report


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


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


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

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


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


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


Governor Cuomo Announces Health Care Protections for Transgender New Yorkers


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


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


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


DFS Grants Virtual Currency License to Square, Inc.


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


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


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

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


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


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


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


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


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


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


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

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


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


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


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


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

DFS Approves New Entrant To New York Insurance Market


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

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

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


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

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


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


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


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


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

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


DFS Superintendent Vullo Issues Cybersecurity Filing Deadline Reminder


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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