Search for: "New York Department of Financial Services"
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1 Dec 2015, 6:08 am
On November 9, 2015, the New York State Department of Financial Services (NYDFS) issued a letter to the members of the Financial and Banking Information Infrastructure Committee (FBIIC) detailing a new cybersecurity framework proposal for “covered entities,” or financial institutions regulated by NYDFS. [read post]
27 Sep 2017, 11:57 am
Last week, the New York Department of Financial Services (“NYDFS”) promulgated a new regulation 11 NYCRR 48, aimed at limiting the amount by which life insurance premiums can be raised as to policies issued in the state. [read post]
15 May 2017, 1:00 pm
The New York Department of Financial Services (DFS) announced last week that it is migrating the administration of its non-mortgage related licenses to the Nationwide Multistate Licensing System (NMLS), joining more than 60 other state financial services regulatory agencies that already administer their non-mortgage licenses via the NMLS. [read post]
23 Nov 2022, 11:17 am
On December 22, 2021, New York State Senate Bill 2767A was signed into law. [read post]
25 Jul 2022, 8:29 am
The New York Department of Financial Services (DFS) issued its 2021 Update on New York Domestic Insurers’ Management of the Financial Risks from Climate Change, analyzing 2021 survey responses from the National Association of Insurance Commissioners (NAIC) Climate Risk Disclosure Survey or alternatively the Task Force on Climate-Related Financial Disclosures (TCFD). [read post]
6 Sep 2017, 7:19 am
Last month, the New York Department of Financial Services (“NYDFS”) proposed an amendment to 11 NYCRR 80-1.6 (the “Regulation”), which would augment the application process to acquire a domestic insurer by potentially limiting the amount of information that must be provided in connection therewith. [read post]
8 Sep 2023, 5:30 am
NEW YORK STATE DEPARTMENT OF CIVIL SERVICE ANNOUNCES ONLINE CIVIL SERVICE EXAMINATION NOW AVAILABLE TO PURSUE PUBLIC SERVICE CAREERS AS ATTORNEYS The New York State Department of Civil Service (DCS) has announced that individuals interested in a career as an attorney in New York State public service can now apply and complete the Legal Specialties exam online. [read post]
8 Sep 2023, 5:30 am
NEW YORK STATE DEPARTMENT OF CIVIL SERVICE ANNOUNCES ONLINE CIVIL SERVICE EXAMINATION NOW AVAILABLE TO PURSUE PUBLIC SERVICE CAREERS AS ATTORNEYS The New York State Department of Civil Service (DCS) has announced that individuals interested in a career as an attorney in New York State public service can now apply and complete the Legal Specialties exam online. [read post]
25 Mar 2017, 6:52 am
While the New York Cybersecurity Regulations represent a softening in key respects from the requirements set forth in the initial proposal, the regulations impose minimum standards that exceed existing federal standards and introduce new requirements, including obligations to critically evaluate cybersecurity practices to ensure compliance, maintain detailed documentation demonstrating compliance and report cyber events to the New York Department… [read post]
31 Jan 2017, 2:24 pm
In late December, New York State’s Department of Financial Services (“DFS”) released its revised proposed cybersecurity regulation (the “DFS Rule”). [read post]
21 Apr 2017, 1:30 pm
Tiffany Quach In April 2017, the New York Department of Financial Services (the “DFS”) released guidance on interpreting 23 NYCRR Part 500, its recently promulgated regulation that requires banks, insurance companies and other financial services institutions regulated by the DFS to adopt broad cybersecurity programs (the “Regulation”), in the form of a frequently asked questions (“FAQ”) document and a… [read post]
23 Jul 2012, 8:38 am
Case in point: Last week, New York Governor Andrew Cuomo and his Insurance Department of Financial Services stuck their collective fingers into the holes in the dike holding back a workers' compensation cost Tsunami. [read post]
New York Department of Financial Services Previews Rigorous Cybersecurity Rules for Financial Sector
19 Nov 2015, 12:17 pm
On November 9, 2015, Anthony Albanese, Acting Superintendent of the New York State Department of Financial Services (NYDFS), issued a letter to a wide array of federal and state financial services regulators that are part of the Financial and Banking Information Infrastructure Committee (FBIIC). [read post]
28 Oct 2019, 3:37 pm
Final regulations adopted by the New York Department of Financial Services (NYDFS) to implement the state’s new student loan servicing law became effective on October 16, 2019 upon the publication by the NYDFS of a Notice of Adoption in the State Register. [read post]
Tremaine Wright, '99, Named Director of DFS' Statewide Office of Financial Inclusion and Empowerment
18 Apr 2021, 4:00 pm
Tremaine Wright, '99, Named Director of DFS' Statewide Office of Financial Inclusion and Empowerment irisa Sun, 04/18/2021 - 18:00 Read more about Tremaine Wright, '99, Named Director of DFS' Statewide Office of Financial Inclusion and Empowerment New York State Department of Financial Services Superintendent Lacewell Announces New DFS’ Statewide Office of Financial Inclusion And… [read post]
16 Apr 2019, 8:19 am
In a letter released to the public on April 10, 2019, New York’s Department of Financial Services (DFS) denied Bittrex’s two separate applications to engage in a virtual currency business and to engage in money transmission activity in New York state. [read post]
14 Oct 2018, 1:44 pm
New York Department of Taxation and Finance (“DTF”) guidelines for ad valorem real property taxation of estates is defined by the standards of the Office of Real Property Tax Services (“ORPTS”). [read post]
1 Mar 2023, 12:24 pm
On February 27, the Department of Justice announced that the operators of an upstate New York nursing home had agreed to pay $7,168,000 to resolve allegations that the home billed federal healthcare programs for services that were so poor they were essentially worthless. [read post]
30 Nov 2018, 7:40 am
OCC, submitted a letter to the court announcing their intent to move to dismiss the complaint brought by New York’s Superintendent of the Department of Financial Services (“DFS”). [read post]
11 Oct 2013, 10:05 am
Pending legislation in New York State would provide protection and compensation for whistleblowers who provide original information about violations of banking, insurance, and financial services laws to the New York State Department of Financial Services (“DFS”). [read post]
