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Crypto firm Paxos Trust Company LLC Monday announced the New York Department of Financial Service (NYDFS) ordered them, effective February 21, 2023, to cease issuing new BUSD tokens with fellow crypto firm Binance. [read post]
16 Nov 2021, 1:54 pm by skelly
Following up on proposed guidance released in March, the New York Department of Financial Services (“DFS”) on November 15 released “Guidance for New York Domestic Insurers on Managing the Financial Risks from Climate Change”. [read post]
17 Mar 2024, 7:17 pm by Amy Howe
  The post Justices to hear NRA’s free speech argument against New York financial services official appeared first on SCOTUSblog. [read post]
23 Feb 2017, 9:16 am by Melinda L. McLellan and Jonathan Forman
On February 16, 2017, the New York Department of Financial Services (NYDFS) announced the release of its finalized Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulation”), which will take effect on March 1, 2017. [read post]
8 Apr 2019, 6:46 am by Sarah E. Pruett
The legislation requires certain servicers to obtain licensure from the New York Department of Financial Services (“DFS”) in order to service student loans owed by New York residents. [read post]
Financial institutions regulated by the New York Department of Financial Services (DFS)—referred to in this post as “Covered Entities”—should by now be well familiar with the department’s sweeping cybersecurity regulation, 23 NYCRR 500, that became effective on March 1, 2017. [read post]
24 Jan 2020, 9:58 am by Reid F. Herlihy
On December 18, 2019, the New York Department of Financial Services (DFS) issued its Final Regulations detailing the business conduct rules for mortgage loan servicers. [read post]
26 May 2023, 6:18 am by Joseph J. Lazzarotti
Yesterday, New York’s Department of Financial Services (“DFS”) announced another enforcement action under the state’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R. [read post]
22 Feb 2017, 1:17 pm by DLA Piper
The Cybersecurity Requirements for Financial Services Companies (the Final Rule), promulgated by the New York Department of Financial Services, is the most specific cybersecurity regulation in the country to apply to companies that are not critical infrastructure operators. [read post]
22 Feb 2017, 1:17 pm by Megan Muir
The Cybersecurity Requirements for Financial Services Companies (the Final Rule), promulgated by the New York Department of Financial Services, is the most specific cybersecurity regulation in the country to apply to companies that are not critical infrastructure operators. [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]
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]
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]
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 by Edward Eisert
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 by Joshua Horn
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]
The New York Department of Financial Services has announced the creation of a new “powerhouse” Consumer Protection and Financial Enforcement Division. [read post]