Department of Financial Services

NYDFS Slaps Cap on Check Cashing Fees
NYDFS Slaps Cap on Check Cashing Fees
January 19, 2023  |  Regulation

Check cashing fees are getting a makeover in New York. New York’s Department of Financial Services said Wednesday (Jan. 18) that it is updating regulations...

READ MORE >
NYDFS Proposes Charging Virtual Currency Businesses Admin Costs
NYDFS Proposes Charging Virtual Currency Businesses Admin Costs
December 01, 2022  |  Cryptocurrency

A New York regulator has proposed charging licensed cryptocurrency businesses for its costs.  The New York State Department of Financial Services (DFS) said in a...

READ MORE >
New York To Ease Cryptocurrency Regulations
New York To Ease Cryptocurrency Regulations
June 25, 2020  |  Cryptocurrency

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The New...

READ MORE >
Former CFPB Dep. Director Named Dept Of Financial Services Advisor
Former CFPB Dep. Director Named Dept Of Financial Services Advisor
January 15, 2020  |  Personnel

The New York Department of Financial Services (DFS) has announced that Leandra English, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has...

READ MORE >
Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund
Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund
November 21, 2019  |  Bitcoin

Fidelity Digital Asset Services (FDAS) has been granted a charter by the New York State Department of Financial Services (DFS) under New York Banking Law,...

READ MORE >
NY AG Subpoenas 40+ Cos About MyPayrollHR Scandal
NY AG Subpoenas 40+ Cos About MyPayrollHR Scandal
October 03, 2019  |  B2B Payments

The state of New York is taking a closer look at the payroll technology industry amid the fallout from the collapse and scandal of MyPayrollHR,...

READ MORE >
State Regulators Investigate Payday Advances
State Regulators Investigate Payday Advances
August 08, 2019  |  Alternative Finances

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the...

READ MORE >
NY Governor Wants Investigation Of FB Ad Practices
NY Governor Wants Investigation Of FB Ad Practices
July 02, 2019  |  Facebook

New York Governor Andrew Cuomo has ordered the Department of Financial Services to look into reports that state-regulated advertisers have been using Facebook’s advertising platform...

READ MORE >
New York Upgrades Cybersecurity Regulations For Finance
New York Upgrades Cybersecurity Regulations For Finance
March 01, 2017  |  Security & Fraud

In the ever changing and increasingly connected technology age, the amount of vulnerable information regarding financial details is becoming somewhat insurmountable. One organization in the...

READ MORE >