New York State Department of Financial Services

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

New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. The New York State Department of Financial Services (DFS) says this new regulation would ensure these lenders...

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

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...

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Nordea Reaches Settlement With New York DFS Over Compliance Failures
Nordea Reaches Settlement With New York DFS Over Compliance Failures
August 27, 2024  |  Legal

Nordea Bank Abp has reached a settlement with the New York State Department of Financial Services (DFS) after the regulator determined that the bank had compliance...

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NYDFS Issues Guidance for Insurance Companies’ Use of AI
NYDFS Issues Guidance for Insurance Companies’ Use of AI
July 11, 2024  |  Insurance

Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Thursday...

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Use Cases for Blockchain Gain Momentum as User Experience Simplifies
Use Cases for Blockchain Gain Momentum as User Experience Simplifies
June 03, 2024  |  Cryptocurrency

End-users of technologies don’t want to think — they just want to use. And out-of-the-box usability is particularly essential when it comes to next generation...

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New York Regulator: Crypto Firms Must Provide ‘Timely’ Customer Service
New York Regulator: Crypto Firms Must Provide ‘Timely’ Customer Service
May 30, 2024  |  Cryptocurrency

New York’s financial regulator has introduced new customer service guidelines for cryptocurrency companies. The new guidance announced by the New York State Department of Financial Services (DFS)...

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New York DFS Announces Settlement With Gemini Trust
New York DFS Announces Settlement With Gemini Trust
February 28, 2024  |  Legal

The New York State Department of Financial Services (DFS) said Wednesday (Feb. 28) that Gemini Trust Company has agreed to return at least $1.1 billion to customers of its...

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Genesis Global Trading to Pay $8 Million Penalty, Surrender BitLicense
Genesis Global Trading to Pay $8 Million Penalty, Surrender BitLicense
January 12, 2024  |  Legal

The New York State Department of Financial Services (DFS) has announced that Genesis Global Trading will pay an $8 million penalty to the state and surrender its BitLicense.  These...

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Metropolitan Commercial Bank to Pay $15 Million Penalty for Fraud Oversight
Metropolitan Commercial Bank to Pay $15 Million Penalty for Fraud Oversight
October 19, 2023  |  Fraud Attack

Metropolitan Commercial Bank (MCB) has agreed to pay a penalty of $15 million following an investigation by the New York State Department of Financial Services...

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