Department of Financial Services

New York DFS Reaches Settlements with 8 Auto Insurance Companies Over Alleged Cybersecurity Failures
New York DFS Reaches Settlements with 8 Auto Insurance Companies Over Alleged Cybersecurity Failures
October 14, 2025  |  Cybersecurity

Eight auto insurance companies will pay a collective total of $19 million in penalties to New York State for alleged violations of the Department of...

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NYDFS Slaps Cap on Check Cashing Fees
NYDFS Slaps Cap on Check Cashing Fees
January 19, 2023  |  Regulation

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NYDFS Proposes Charging Virtual Currency Businesses Admin Costs
NYDFS Proposes Charging Virtual Currency Businesses Admin Costs
December 01, 2022  |  Cryptocurrency

A New York regulator has proposed charging licensed cryptocurrency businesses for its costs.  Get the Full Story Complete the form to unlock this article and...

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New York To Ease Cryptocurrency Regulations
New York To Ease Cryptocurrency Regulations
June 25, 2020  |  Cryptocurrency

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. Get the...

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Former CFPB Dep. Director Named Dept Of Financial Services Advisor
Former CFPB Dep. Director Named Dept Of Financial Services Advisor
January 15, 2020  |  Personnel

The New York Department of Financial Services (DFS) has announced that Leandra English, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has...

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Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund
Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund
November 21, 2019  |  Bitcoin

Fidelity Digital Asset Services (FDAS) has been granted a charter by the New York State Department of Financial Services (DFS) under New York Banking Law,...

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NY AG Subpoenas 40+ Cos About MyPayrollHR Scandal
NY AG Subpoenas 40+ Cos About MyPayrollHR Scandal
October 03, 2019  |  B2B Payments

The state of New York is taking a closer look at the payroll technology industry amid the fallout from the collapse and scandal of MyPayrollHR,...

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State Regulators Investigate Payday Advances
State Regulators Investigate Payday Advances
August 08, 2019  |  Alternative Finances

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the...

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NY Governor Wants Investigation Of FB Ad Practices
NY Governor Wants Investigation Of FB Ad Practices
July 02, 2019  |  Facebook

New York Governor Andrew Cuomo has ordered the Department of Financial Services to look into reports that state-regulated advertisers have been using Facebook’s advertising platform...

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