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

• Superintendent's Statements
• Public Hearings and Decisions

Press Releases

Date	Subject
12/12/2018	DFS Fines Two New York Licensed Insurers More Than $2.5 Million for Violations of Insurance Law
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

• All Press Releases

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 and Decisions

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 and Recent Decisions

Hearing Event/Decision	Date(s)	Additional Information
DFS Approves Cigna Corporation’s Acquisition of Medco Containment Insurance Company of New York Subject to Key Conditions and Ongoing Oversight to Protect New Yorkers	December 13, 2018	Decision

• More about public hearings and decisions