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The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
The New York Department of Financial Services (NYDFS) published a proposed regulation on Thursday that lays out how the state regulator would assess New York-regulated crypto companies for costs ...
The New York Department of Financial Services plans to announce later today a settlement with Genesis Global Trading, a subsidiary of the major crypto conglomerate Digital Currency Group.
In 2001, New York was the first state to establish an Insurance Emergency Operations Center ("IEOC"), which was designed to accelerate disaster assessments and expedite claims payments to disaster victims. [1] The IEOC helped New Yorkers recover from the September 11, 2001 terrorist attacks.
One day later, the NYDFS rejected Bittrex's application, citing concerns over capital requirements and lax anti-money laundering controls. [ 32 ] On December 3, 2019, SoFi Digital Assets , LLC, a subsidiary of Social Finance, Inc. was awarded a BitLicense as well as a money transmitter license.
The New York state Legislature on Friday passed a bill that would allow parents to block their kids from getting social media posts suggested by a platform's algorithm — a regulation that tries ...
On March 23, 2021, the New York State Department of Financial Services issued a report summarizing its findings after investigating consumer complaints about the Apple Card.
Touro Law Center Stony Brook University Richard Weber is an American public servant currently serving as the General Counsel of the New York State Department of Financial Services . [ 1 ]