What does the New York State Department of Financial Services do?

The New York State Department of Financial Services is responsible for regulating all financial services and products in New York. The New York State Department of Financial Services is responsible for reforming financial services in New York. It also aims to protect firms and consumers against financial crimes.

Who oversees banks in NY?

the NYSDFS
Today, the NYSDFS is the primary regulator for a diverse range of financial institutions. Its supervision takes in around 4,400 separate entities including banks and trusts, insurance companies, lenders, mortgage brokers, charities, virtual currency businesses, and more.

Which areas are covered by the NY state Division of Financial Services?

Organization. The Department has five divisions: the insurance division; banking division, financial frauds and consumer protection division (“FFCPD”), capital markets division, and real estate division. The insurance division has life, health, and property bureaus.

Who is the Superintendent of Financial Services in New York?

Adrienne Harris nominated to serve as Superintendent of the NY Department of Financial Services. New York Governor Kathy Hochul announced this week that she has nominated Adrienne Harris to serve as Superintendent of the state’s Department of Financial Services.

Who regulates insurance companies in New York State?

The NYS Department of Financial Services
The NYS Department of Financial Services supervises and regulates all insurance business in NY State and investigates complaints about insurance company problems including violations of the NYS Prompt Pay Law (which requires health insurers & HMOs to pay undisputed health insurance claims within 45 days of receipt and …

Who is the head of the New York Department of Financial Services?

Former Economic Advisor to President Obama to Become New York’s Top Financial Regulator. Governor Kathy Hochul today announced that Adrienne Harris has been nominated to lead the New York State Department of Financial Services as its next Superintendent.

Who is regulated by NY DFS?

DFS maintains a historical listing of New York banking institutions – banks and trust companies, savings banks, savings and loans, credit unions, investment companies and foreign banking institutions – that are or were New York State-chartered, as well as most federally chartered institutions that have ever operated in …

What banks does the OCC regulate?

The OCC supervises national banks, federal savings associations, and federal branches and associations of foreign banks.

How do I file a complaint with the NYS Department of Insurance?

Should policyholders have any questions, they can call the Department of Financial Services at (800) 342-3736. They can also send the Department an email at [email protected].

Who regulates mortgage companies in NY?

the New York State Banking Department
Complaints against banks and mortgage companies in Nassau County can be directed to the New York State Banking Department, which regulates these companies.

What DFS 504?

The New York Department of Financial Services (NYDFS) has adopted Part 504, a first-of-its-kind, risk-based anti-terrorism and anti-money laundering regulation, which requires regulated banks, check cashers and money transmitters to maintain effective programs to monitor transactions for potential Bank Secrecy Act (BSA …

What is the New York state financial system?

The Statewide Financial System (SFS) is New York State’s primary fiscal accounting and business management tool. It is used by NYS DMNA employees who travel on business or purchase items using NYS funds.

What is NY DTF?

New York State Department of Tax & Finance (NY DTF) is the tax agency that manages and collects tax revenues to support New York State services and programs. To set up your state tax, here’s how:

What is New York finance?

The New York Institute of Finance (NYIF) is a leading source for continuing education opportunities in finance. Its principal categories of offerings include: Classroom courses in banking and financial services (both day and evening sessions)