Search for: "New York Department of Financial Services"
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7 Dec 2022, 10:00 pm
The New York Department of Financial Services (NYDFS) published its proposed amendment to its 23 NYCRR Part 500 (Cybersecurity Rules) on November 9, 2022, following the release of the draft version on July 29, 2022. [read post]
7 Dec 2022, 10:00 pm
The New York Department of Financial Services (NYDFS) published its proposed amendment to its 23 NYCRR Part 500 (Cybersecurity Rules) on November 9, 2022, following the release of the draft version on July 29, 2022. [read post]
7 Dec 2022, 10:00 pm
The New York Department of Financial Services (NYDFS) published its proposed amendment to its 23 NYCRR Part 500 (Cybersecurity Rules) on November 9, 2022, following the release of the draft version on July 29, 2022. [read post]
3 Jan 2017, 6:33 am
With the clock ticking down to the new year, on December 28, 2016, the New York State Department of Financial Services (NYDFS) released highly anticipated revisions to its proposed Cybersecurity Requirements for Financial Services Companies (the “Proposal”). [read post]
21 Feb 2017, 1:27 pm
Covered Entities will be required to annually prepare and submit to the Superintendent of Financial Services a “Certification of Compliance with New York State Department of Financial Services Cybersecurity Regulations” commencing February 15, 2018. [read post]
23 Jan 2017, 5:14 am
On March 1, New York will go live with cybersecurity rules for financial service providers such as banks, insurance companies and others subject to the Department of Financial Services’ jurisdiction. [read post]
6 May 2019, 6:55 am
The New York Department of Financial Services has announced the creation of a new “powerhouse” Consumer Protection and Financial Enforcement Division. [read post]
4 Jan 2023, 4:07 pm
“New York State Department of Financial Services (“DFS”) Superintendent Adrienne A. [read post]
12 Oct 2016, 9:30 pm
However, in a recent effort to protect sensitive financial information, the New York State Department of Financial Services (DFS) has proposed a regulation to protect the state’s financial services institutions from the increasing risk of cyber attacks. [read post]
16 Feb 2018, 6:56 am
The letter provides express support for Governor Cuomo’s 2019 Executive Budget Proposal, which calls for, among other things, establishment of a Student Loan Ombudsman at the Department of Financial Services. [read post]
Financial Industry Groups Criticize New York Department of Financial Services Cybersecurity Proposal
21 Dec 2016, 12:40 pm
Tiffany Quach As we previously reported, in September 2016 the New York Department of Financial Services (the “DFS”) proposed a regulation that would require banks, insurance companies and other financial services institutions regulated by the DFS to adopt broad cybersecurity protections (the “Proposal”). [read post]
27 Apr 2017, 8:17 am
Earlier this month, the New York State Department of Financial Services (“NYDFS”) recently published FAQs and key dates for its cybersecurity regulation (the “NYDFS Regulation”) for financial institutions that became effective on March 1, 2017. [read post]
New York Department of Financial Services Proposes First Rule of Its Kind for Financial Institutions
6 Oct 2016, 11:10 am
In November, we reported on a proposal by the New York Department of Financial Services (NYDFS) for an extensive cybersecurity framework for its regulated financial institutions. [read post]
16 Mar 2011, 3:20 pm
The New York Times has a story on the hearing here. [read post]
29 Jan 2016, 10:00 pm
Cuomo announced three appointments to the New York State Department of Financial Services [DFS]. [read post]
10 Aug 2012, 6:30 pm
On August 6, the New York Department of Financial Services (NY DFS) ordered the U.S. subsidiary of a British bank to appear on August 15 to respond to allegations of money laundering that, if true, could cost the bank its license to conduct business in New York. [read post]
2 May 2011, 2:24 am
On March 31, 2011, the Governor signed the budget into law, including the final version of the merger legislation, entitled the Financial Services Law (the “FSL”), which, effective October 2011, will consolidate the Insurance and Banking Departments into a new, single agency to be known as the Department of Financial Services (the “DFS”). [read post]
6 Jan 2011, 5:35 am
As expected, New York Governor Andrew Cuomo announced during his State of the State address plans to merge the Insurance Department with the Banking Department and Consumer Protection Board in order to create a new Department of Financial Regulation. [read post]
13 May 2021, 1:10 pm
(“MSI Financial Services”), also in Elmsford, New York. [read post]
13 Sep 2018, 5:44 am
On September 10, 2018, the New York Department of Financial Services (“DFS”) authorized Gemini Trust Company and Paxos Trust Company to each offer a price-stable cryptocurrency, also known as a stablecoin, pegged to the U.S. dollar. [read post]