Banking Department Announces Lifting of Written Agreement
June 12, 2009
New York, NY: The New York State Banking Department announced today the lifting of a written agreement with The Bank of New York Mellon.
The order had been in effect since April 2006.
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.