N.Y. Announces New, Targeted Cybersecurity Assessments for Insurers February 9, 2015 New York State Department of Financial Services (DFS) today released a report on cybersecurity in the New York insurance industry...
New York DFS Requires Ocwen Reforms, $150M Homeowner Help December 23, 2014 By Michael Virtanen New York financial regulators have reached a settlement with Ocwen Financial Corp. requiring the nation’s largest subprime mortgage servicer to...
New York DFS Announces New Cybersecurity Assessment Process for Banks December 10, 2014 New York’s Financial Services Superintendent Benjamin Lawsky today issued an industry guidance letter to all New York Department of Financial...
New York DFS Superintendent Lawsky Leaving After $3B in Fines Makes Mark November 19, 2014 By Alexis Leondis, Kathleen M. Howley and Greg Farrell When Ocwen Financial Corp. shares soared on the news that regulator Benjamin Lawsky, who’s probing the company, will step down,...
New York DFS Superintendent Lawsky Considering 2015 Exit Plan November 11, 2014 By Greg Farrell New York’s top banking regulator Benjamin Lawsky, who used his leverage to stiffen penalties against some of the world’s largest...
New York’s Lawsky Says Punishing Individuals Is Essential to Deterrence September 23, 2014 By Greg Farrell Punishing executives for misconduct at banks is essential to deter wrongdoing on Wall Street, New York’s banking regulator said. “Just...
Lawsky: Regulators’ Stance on Life Insurers’ Captives Leaves Gaping Problem August 14, 2014 By Zachary Tracer New York’s financial-services regulator told fellow watchdogs they are failing to address a “gaping regulatory problem” that he said allows...
New York Investigates Mortgage Firm Ocwen’s Insurance Deal August 4, 2014 By David McLaughlin and Greg Farrell New York’s banking regulator asked Ocwen Financial Corp. for information about an insurance agreement that it says may be designed...
Apollo’s Life Insurance Unit Athene Holding Said to Be Examined for Caesars Link July 22, 2014 By Christopher Palmeri and Greg Farrell Apollo Global Management LLC’s dual stakes in an insurer and the largest operator of U.S. casinos are drawing scrutiny by...
New York DFS Issues Bulletin Urging Auto Insurers to Adopt Telematics Programs May 28, 2014 New York’s Department of Financial Services (DFS) issued a bulletin to all New York auto insurers encouraging them to adopt...