new york department of financial services

NYDFS Superintendent Harris Hails Court Approval of Check Cashing Regulation
NYDFS Superintendent Harris Hails Court Approval of Check Cashing Regulation
December 07, 2023  |  Regulation

New York Department of Financial Services (NYDFS) Superintendent Adrienne A. Harris has hailed a Thursday (Dec. 7) court decision that upholds the state’s new check cashing regulation announced in January....

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NYDFS Issues Rules for Virtual Currency Listing and Delisting
NYDFS Issues Rules for Virtual Currency Listing and Delisting
November 15, 2023  |  Cryptocurrency

New York State’s financial watchdog has updated its rules for listing/delisting virtual currency.  The New York State Department of Financial Services (NYDFS) on Wednesday (Nov. 15)...

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NY Regulator Wants to Rein in ‘Abusive’ Prescription Drug Pricing
NY Regulator Wants to Rein in ‘Abusive’ Prescription Drug Pricing
August 16, 2023  |  Regulation

New York’s financial regulator wants to regulate the companies that help set prescription drug costs. The New York Department of Financial Services (NYDFS) announced Wednesday...

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NYDFS Expands Banking Program to Reach Underserved Customers
NYDFS Expands Banking Program to Reach Underserved Customers
April 13, 2023  |  Financial Inclusion

New York’s financial regulator is expanding its program to provide banking access to underserved customers. The New York Department of Financial Services (NYDFS) announced Thursday...

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Signature Bank Shut Down and Placed Under FDIC Control
Signature Bank Shut Down and Placed Under FDIC Control
March 12, 2023  |  Banking

Regulators have closed down crypto-friendly lender Signature Bank in an attempt to stave off a banking crisis. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC)...

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NYDFS Upgrades Its Crypto Fraud Detection Arsenal
NYDFS Upgrades Its Crypto Fraud Detection Arsenal
February 21, 2023  |  Fraud Prevention

New York’s financial watchdog is continuing its crypto crackdown with new fraud detection tools. The state’s Department of Financial Services (NYDFS) announced Tuesday (Feb. 21)...

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SEC and NYDFS Heat Puts Binance-Branded Paxos Stablecoin on Ice 
SEC and NYDFS Heat Puts Binance-Branded Paxos Stablecoin on Ice 
February 13, 2023  |  Cryptocurrency

The U.S. Securities and Exchange Commission (SEC) is doubling down on its regulation-by-enforcement approach. It is also getting a little local help from the New...

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New York Regulator Requires New Disclosures for Small Businesses Financing
New York Regulator Requires New Disclosures for Small Businesses Financing
February 01, 2023  |  Regulation

New York’s financial watchdog wants small businesses to have enough information when they seek financing. To that end, the New York Department of Financial Services (NYDFS) has...

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Coinbase $100M Fine Highlights Crypto Industry’s Gaps and US Regulatory Strengths
Coinbase $100M Fine Highlights Crypto Industry’s Gaps and US Regulatory Strengths
January 05, 2023  |  Cryptocurrency

 Recent regulatory action against U.S.-based Coinbase underscores that crypto is reaching a post-FTX inflection point. The pressure is on for the business-as-usual attitude to button...

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