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News Room

If you are a member of the press and would like more information, please call the Public Affairs Office at (212) 709-1691. Media inquiries can also be e-mailed to the following address: public-affairs@dfs.ny.gov

Press Releases

DateSubject
12/10/2018

DFS Adopts Emergency Regulation to Begin the Implementation of Principle-Based Reserving for Life Insurers

12/05/2018

DFS Takes Action Against National Integrity Life Insurance Company to Protect Consumers Who Purchased Annuities

12/04/2018 DFS Continues to Lead Responsible Innovation in New York’s Fintech Industry with New Virtual Currency Approval for Commercial Banking Transactions
11/26/2018 DFS Approves CVS Health’s Acquisition of Aetna Insurance Company of New York Subject to Key Conditions and Ongoing Oversight to Protect New Yorkers
11/20/2018

New York Financial Services Superintendent Maria T. Vullo Receives the Excellence in Consumer Advocacy Award from NAIC Consumer Representatives

11/19/2018

DFS Fines Société Générale SA and its New York Branch $420 Million for Violations of Laws Governing Economic Sanctions and Violations of New York Anti-Money Laundering and Recordkeeping Laws

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

Superintendent's Statements

Current Year

Date Subject
11/16/2018 Statement by New York Financial Services Superintendent Maria T. Vullo on PIANY, Big I NY Lawsuit
10/25/2018

Statement by New York Financial Services Superintendent Maria T. Vullo Regarding the Lawsuit Filed by the CSBS Challenging the Authority of the Comptroller of the Currency to Create a Nonbank Special-Purpose National Bank Charter for “Fintech” Companies

10/18/2018

Opening Statement of DFS Superintendent Maria T. Vullo for the DFS Hearing Regarding the Application by CVS Health Corporation and CVS Pharmacy, Inc. to acquire Aetna Health Insurance Company of New York

09/18/2018

Statement by Financial Services Superintendent Maria T. Vullo Regarding the OCC’s Decision to Accept Fintech Charter Applications

08/31/2018

Statement by Financial Services Superintendent Maria T. Vullo Regarding the NCUA’s Liquidation of Melrose Credit Union

07/31/2018

Statement by DFS Superintendent Maria T. Vullo on Treasury’s Endorsement of Regulatory Sandboxes for Fintech Companies and the OCC’s Decision to Accept Fintech Charter Applications

07/30/2018

Pittsford Psychiatrist Charged With Health Care Fraud (U.S. Attorney, Western District of N.Y.)

07/05/2018

Statement by New York Financial Services Superintendent Maria T. Vullo regarding the Court’s ruling on Regulation 208

06/22/2018

Statement by DFS Superintendent Maria T. Vullo Regarding Japanese Regulator’s Action on Bitflyer Japan

06/21/2018

Trio Charged With Stealing, Plundering and Selling Van Parts in Elaborate Conspiracy Scheme (PDF, Queensda.org)

06/06/2018

New York Financial Services Superintendent Maria T. Vullo Remarks to the Exchequer Club (PDF)

Statements - 2018 | Statements - 2017 | Statements - 2016

Public Hearings

The department holds public hearings on certain Insurance related issues that are open to the public. Interested parties may also testify at these hearings, or submit written comments to be included in the hearing record.

Upcoming Public Hearings

Hearing Event Date(s) Additional Information
DFS to Hold Hearing Regarding the Proposed Acquisition of Control of Medco Containment Insurance Company of New York, a subsidiary of Express Scripts Holding Company, by Cigna Corporation et al on December 7, 2018 December 7, 2018 Index

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