New York State Department Of Financial Services news and trends

NY Fines Car Insurers $20 Million Over Reporting Failures
Insurance // February 24, 2025

New York has closed a multi-year probe into car insurers’ failure to report timely information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

PayPal to Settle New York’s Allegations of Cybersecurity Failures
Cybersecurity // January 23, 2025

PayPal will pay a $2 million penalty to New York state to settle the state’s allegations that the company had cybersecurity failures that led to a data breach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

NY Seeks Fairer Lending From Nonbank Mortgage Companies
Regulation // December 17, 2024

New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

NYDFS Issues Guidance for Combatting AI-Enabled Cybersecurity Risks
Cybersecurity // October 16, 2024

The New York State Department of Financial Services (DFS) issued new guidance to help DFS-regulated entities address and combat cybersecurity risks arising from artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Interviews & Exclusives
Regulators Blame Signature for Own Failure and Themselves for SVB’s

April 28, 2023
In a scathing self-assessment, the Federal Reserve’s autopsy on Silicon Valley Bank’s failure puts blame partially on its own doorstep, as regulator reports on Signature Bank’s collapse cite the lender’s “poor management.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional […]

Quick Reads
NYDFS Issues Guidance on 3rd Party Cybersecurity Risks

October 21, 2025
New York’s financial watchdog has issued new guidance on cybersecurity risks connected to third-party service providers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to […]

NY Fines Car Insurers $20 Million Over Reporting Failures

February 24, 2025
New York has closed a multi-year probe into car insurers’ failure to report timely information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

PayPal to Settle New York’s Allegations of Cybersecurity Failures

January 23, 2025
PayPal will pay a $2 million penalty to New York state to settle the state’s allegations that the company had cybersecurity failures that led to a data breach. Get the...

NY Seeks Fairer Lending From Nonbank Mortgage Companies

December 17, 2024
New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...