Search results
The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business.
- Advisory Boards
Joseph Canovas is Special Counsel to the New York State...
- Our History
Our History. The legislation that created the Department of...
- Advisory Boards
People also ask
Who created New York state financial services?
What happened to the New York State Banking & Insurance Department?
What does the New York State Department of financial services do?
Who created the New York State Banking Department?
Our History. The legislation that created the Department of Financial Services is known as the Financial Services Law. As of October 3, 2011 the New York State Banking Department and the New York State Insurance Department were abolished and the functions and authority of both former agencies transferred to the New York State Department of ...
As part of the 2011 state budget, Governor Andrew M. Cuomo and the New York State Legislature consolidated the New York State Insurance Department and New York State Banking Department and created the New York State Department of Financial Services effective October 3, 2011. [2] .
Searches related to Who created New York state financial services?
The New York State Department of Financial Services (DFS) is the primary regulator for all state-licensed and state-chartered banks, credit unions, and mortgage bankers and brokers. All mortgage loan servicers doing business in New York State must be registered with or licensed by DFS.
Aug 23, 2018 · A relatively new governmental department, the NYSDFS was created in 2011 by the Financial Services Law, which mandated a merger between the New York State Insurance Department and the New York State Banking Department – both of which date back to the 19th century.
Oct 3, 2011 · History. As part of the 2011 state budget, Governor Andrew M. Cuomo and the New York State Legislature consolidated the New York State Insurance Department and New York State Banking Department and created the New York State Department of Financial Services effective October 3, 2011.
Headed by Benjamin Lawsky, a former federal and state prosecutor who also served as Chief of Staff to New York Governor Andrew Cuomo and before that was Chief Counsel to Senator Charles Schumer, New York's Department of Financial Services ("DFS") began operations on October 3, 2011.