Latest Department of Financial Services Headlines
All the headlines from our Department of Financial Services Topic Page, ordered by recency.
Filing Deadline Approaching for New York’s Cybersecurity Regulation
Feb 5 2018 // New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by the Department of Financial Services’s (DFS) cybersecurity regulation that...
The New York DFS Wants Certificates of Compliance for Valentine’s Day
Jan 31 2018 // What were you planning to give the New York Department of Financial Services for Valentine’s Day? Hopefully, a certificate of compliance. It is hard to believe that almost a year has passed since the NYDFS...
Filing Deadline Approaching for New York’s Cybersecurity Regulation
Jan 23 2018 // New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by the Department of Financial Services’s (DFS) cybersecurity regulation that...
N.Y. Finalizes Regulation to Protect Drivers from Unfair Auto Insurance Rates
Jan 8 2018 // The New York Department of Financial Services (DFS) has finalized a regulation that protects New York drivers from unfairly discriminatory auto insurance rates and has already reached agreements with two major insurers...
Florida Construction Co. Owner Accused of $700K Workers’ Comp Scam
Dec 21 2017 // A Florida construction company owner has been arrested after allegedly providing fictitious information when applying for workers’ compensation insurance coverage to obtain a lower premium, according to a statement...
N.Y. Finalizes Regulation to Protect Drivers from Unfair Auto Insurance Rates
Dec 19 2017 // The New York Department of Financial Services (DFS) has finalized a regulation that protects New York drivers from unfairly discriminatory auto insurance rates and has already reached agreements with two major insurers...
Judge Nixes Bid to Halt Federal Charters for Fintech Firms as Premature
Dec 14 2017 // A Manhattan federal judge on Tuesday dismissed a lawsuit brought by New York’s banking regulator against the U.S. Comptroller of the Currency (OCC) over its proposal to offer charters that would let online lenders...
Ten Appointed to Newly Formed New York State Insurance Advisory Board
Dec 13 2017 // Financial Services Superintendent Maria T. Vullo has announced the 10 appointees who will serve on the newly formed Department of Financial Services (DFS) State Insurance Advisory Board. Governor Andrew M. Cuomo signed...
Miami Woman Arrested Over Fraudulent Insurance Claims, Attempt to Steal $178K
Dec 1 2017 // A Florida homeowner was arrested for insurance fraud and grand theft following her attempt to file a damage claim against a new insurance policy after already receiving a $60,000 insurance payout from her former insurance...
Florida Keys Insurance Agent Accused of Defrauding Citizens Insurance
Nov 27 2017 // A Florida insurance agent has been arrested after allegedly submitting a fraudulent insurance policy to Citizens Property Insurance Corp., according to a statement from Florida CFO Jimmy Patronis and the Florida Department...
DFS Finalizes Regulation to Strengthen New York No-Fault Insurance Law
Nov 6 2017 // A new regulation issued by the New York State Department of Financial Services (DFS) aims to curb costs and abuses of New York’s no-fault insurance law while leveling the playing field for New York insurers,...
New York Finalizes Regulations to Crack Down on Title Insurance Industry
Nov 6 2017 // The New York Department of Financial Services (DFS) has finalized two regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the...
New York Finalizes Regulations to Crack Down on Title Insurance Industry
Oct 18 2017 // The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the...
DFS Finalizes Regulation to Strengthen New York No-Fault Insurance Law
Oct 13 2017 // A new regulation issued by the New York State Department of Financial Services (DFS) aims to curb costs and abuses of New York’s no-fault insurance law while leveling the playing field for New York insurers,...
New York’s Cuomo Proposes Regulation in Wake of Equifax Security Breach
Sep 19 2017 // In response to the recent cyberattack that exposed the personal private data of nearly 150 million consumers nationwide, New York Governor Andrew M. Cuomo has directed the New York Department of Financial Services (DFS) to...
New York’s Cybersecurity Regulation Compliance Requirements Go Into Effect
Aug 29 2017 // Financial Services Superintendent Maria T. Vullo reminded all entities covered by the New York State Department of Financial Services’ (DFS) cybersecurity regulation that yesterday, August 28, 2017, was the first...
Cybersecurity Requirements in New York: Determining Compliance
Aug 25 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies. Codified at 23 NYCRR §500, the law became effective on March 1, 2017, and requires insurance and...
Vullo Calls on Insurers, Congress for Action in Wake of Lake Ontario Flooding
Jul 28 2017 // As part of New York’s continuing response to flooding in the Lake Ontario region, the New York State Department of Financial Services (DFS) is reminding property and casualty insurers of their responsibility to work...
New York Launches Online Re-Licensing for Insurance Agents and Brokers
Jul 24 2017 // The New York State Department of Financial Services (DFS) has launched an online application to speed up the re-licensing process for agents and brokers whose original licenses have been expired more than two years. The...
New York Launches Online Re-Licensing for Insurance Agents and Brokers
Jul 7 2017 // The New York State Department of Financial Services (DFS) has launched an online application to speed up the re-licensing process for agents and brokers whose original licenses have been expired more than two years. The...
