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 Gemini Earn Program. The decision comes in response to Gemini’s failure to conduct due diligence, the DFS said in a...
Equifax is facing yet another legal woe from its massive data breach. This time, New York State’s financial services regulator has issued a subpoena to the company, demanding that it provide more information about the leak. According to a Reuters news report, the New York’s...
August 27, 2024
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 failures and failed to conduct proper due diligence of its correspondent bank partners. The bank entered into a consent order with DFS and agreed to pay $35 million in penalties, the DFS […]
February 28, 2024
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 Gemini Earn Program. The decision...
September 28, 2017
Equifax is facing yet another legal woe from its massive data breach. This time, New York State’s financial services regulator has issued a subpoena to the company, demanding that it...
