November 15, 2024 - On Oct. 16, 2024, the New York State Department of Financial Services ("DFS") issued an industry letter (the "Guidance") to Covered Entities, as defined in 23 NYCRR Part 500 ...

The New York State Department of Financial Services (NYDFS) has published proposed amendments to its Cybersecurity Requirements for Financial Services Companies (amendments). [1] The amendments to ...

This paper provides an update on the recent revisions made by the New York Department of Financial Services to its Part 500 proposed amendments, known as the Revised Proposed Amendments, regarding ...

While Paxos Trust Co. agreed to pay the state of New York $26.5 million, it said the historic compliance issues have no ...

The state of New York sued Zelle’s parent company Wednesday, accusing the firm behind the electronic payment platform of failing to adopt sufficient safeguards to protect consumers from fraud. New ...

The proposed regulation was published in the New York State Register on March 4, 2020, and comments are due on May 4, 2020.

In 2015, New York had a gross state product of $1.5 trillion, ranking it third in the nation. With Manhattan as the leading center of banking and finance, it is home to offices and headquarters ...

DFS is the primary regulator for all state-licensed and state-chartered banks, credit unions, and mortgage bankers and brokers.The Department also oversees all the money transmitters, and virtual ...

The New York State Department of Financial Services (NYDFS) released a report today that cleared the Apple Card credit card program of discriminatory practices and specifically, gender-based ...