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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]
On December 11, 2019, the NYDFS proposed a revision to BitLicense whereby a licensee can offer any coin from a public list on the NYDFS website. The revision is still pending. [34] In May 2020, Eris Clearing, LLC, a subsidiary of ErisX, secured a Virtual Currency License. [35]
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The New York State Insurance Department (NYSID) was the state agency responsible for supervising and regulating all insurance business in New York State. [1] It was regarded in the industry as one of the most state-of-the-art insurance regulatory agencies.
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A complaint system (also known as a conflict management system, internal conflict management system, integrated conflict management system, [1] or dispute resolution system) is a set of procedures used in organizations to address complaints and resolve disputes.