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

Press Releases

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

• All Press Releases

Superintendent's Statements

Current Year

Date	Subject
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)
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
DFS to Hold Hearing Regarding the Proposed Acquisition of Aetna Inc. by CVS Health Corporation on October 18, 2018	October 18, 2018	Index

• More about public hearings