DFS Press Releases: 2018

Release Date	Subject
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

Department of Financial Services

Consumer Quicklinks

Industry Quicklinks

Website

Language Assistance

CONNECT WITH US

DFS Secure Portal