NYDFS

State regulator group, others back lawsuit against OCC fintech charter

07/31/20

The Conference of State Bank Supervisors, banking law scholars and consumer advocacy organizations filed amicus briefs siding with the New York State Department of Financial Services in its court battle with the federal regulator.

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N.Y. regulator urges banks to lend to firms owned by women, minorities

06/30/20

The New York State Department of Financial Services issued a letter Tuesday reminding lenders of amendments to the state's Community Reinvestment Act, under which banks are evaluated on how they meet the credit needs of businesses owned by women and minorities.

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New York state expands feedback program for fintech startups

06/09/20

The Department of Financial Services is going live with DFS FastForward, which aims to help innovators in finance, healthcare and insurance consult directly with regulators on specific compliance issues.

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How this New York program is helping to save at-risk branches

02/05/20

Popular’s branch in a Brooklyn neighborhood faced an uncertain future until it was designated as a bank development district. Now it’s eligible to receive millions of dollars in municipal deposits.

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In rebuke of CFPB, states look to get tough on debt collectors

01/15/20

In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.

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Are states gaining upper hand in fintech charter battle?

12/30/19

With fintech firms appearing stuck in neutral in their efforts to seek bank charters from federal regulatory agencies, observers say state licensing options could be in vogue again in 2020.

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OCC files appeal in fintech charter case

12/19/19

In October, U.S. District Judge Victor Marrero ruled against the OCC in a case brought by the New York State Department of Financial Services.

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SoFi cleared to offer crypto in New York

12/04/19

The online lender, which has received state approval to establish a virtual currency business, can now offer a full range of investment services — including trading in digital assets — in New York.

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Congress can work around court’s nixing of OCC fintech charter

11/18/19

Former Comptroller Thomas Curry, who initially proposed the special charter now blocked by a judge, calls on policymakers to find another way to regulate financial tech startups.

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Viral tweet accusing Apple Card of sexism leads to regulatory probe

11/10/19

The New York Department of Financial Services is opening a probe into Goldman Sachs' credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card's algorithms.

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