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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
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

Superintendent's Statements

Current Year

Date Subject
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)

05/11/2018

Statement by New York Financial Services Superintendent Maria T. Vullo Regarding the NRA'S Lawsuit Against New York

05/09/2018

Statement by New York Financial Services Superintendent Maria T. Vullo Regarding the Consumer Financial Protection Bureau’s Office for Students and Young Consumers

03/09/2018

Statement by New York Financial Services Superintendent Maria T. Vullo Regarding the Department Of Education’s “Interpretation Memo” Challenging States’ Protections for Student Loan Borrowers

02/20/2018 Statement by New York Financial Services Superintendent Maria T. Vullo Regarding on the Passing of DFS State Charter Advisory Board Member Joseph G. Perri
02/15/2018 Statement by New York Financial Services Superintendent Maria T. Vullo Regarding Idaho’s Actions to Undermine the Affordable Care Act
02/14/2018

Statement by Financial Services Superintendent Maria T. Vullo on Report of Denials of Insurance Policies for Applicants Who Take HIV Prevention Medication

02/08/2018

Statement by DFS Superintendent Maria T. Vullo Regarding the Payment of Title Closers

01/26/2018

Statement by DFS Superintendent Maria T. Vullo Regarding the Resolution of Illegal Conduct by BNP Paribas USA Inc.'s Foreign Exchange Trading Business

01/25/2018

Statement by DFS Superintendent Maria T. Vullo Regarding CFPB’s Troublesome Policy Shift Away from Consumer Protection

01/12/2018

Statement of DFS Superintendent Maria T. Vullo Prepared for Delivery at Public Hearing: An examination of Recent Title Insurance Regulations

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

Medical Liability Mutual Insurance Company (MLMIC) Demutualization -- Plan of Conversion from Property and Casualty Mutual Insurance Company to Property and Casualty Stock Insurance Company

August 23, 2018 Index

Department of Financial Services

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