In the two years since Superintendent Adrienne A. Harris was confirmed by the Legislature, NYDFS has achieved record milestones for the people of New York. NYDFS has implemented 100 new amendments to the #insurance, #banking, and financial services laws; issued more than 60 pieces of guidance; and promulgated 31 new data-driven regulations. During this time, the Department has also secured $344.4 million in restitution for New York State consumers and health care providers. Under the direction of Superintendent Harris, the team at DFS has amended nation-leading #cybersecurity regulations, advanced policies to protect health insurance policyholders, create fairer check-cashing regulations, combat life insurance discrimination, strengthen virtual currency oversight, and address #climate risk in financial services. These milestones, among many more, are representative of DFS’s commitment to create a more equitable financial system for all New Yorkers. None of these accomplishments would be made possible without DFS’s dedicated staff, which is why the Superintendent is committed to attracting, retaining, and supporting expert talent. Since January 2022, the Department has hired and promoted more than 600 teammates. If you are interested in joining our team, click here: www.dfs.ny.gov/careers #careers #hiring
New York State Department of Financial Services
Financial Services
New York, New York 11,118 followers
Official LinkedIn account for the New York State Department of Financial Services.
About us
The Department of Financial Services supervises and regulates the activities of approximately 1,500 banking and other financial institutions with assets totaling more than $2.6 trillion and more than 1,400 insurance companies with assets of more than $4.7 trillion. They include more than 130 life insurance companies, 1,300 property/casualty insurance companies, about 100 health insurers and managed care organizations, and 300,000 individual insurance licensees, 122 state-chartered banks, 80 foreign branches, 10 foreign agencies, 14 credit unions, 13 credit rating agencies, nearly 400 licensed financial services companies, and more than 9,600 mortgage loan originators and servicers.
- Website
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https://www.dfs.ny.gov
External link for New York State Department of Financial Services
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- New York, New York
- Type
- Government Agency
- Founded
- 2011
Locations
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Primary
One State Street
New York, New York 10004-1511, US
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1 Commerce Plaza
Albany, New York 12210, US
Employees at New York State Department of Financial Services
Updates
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Our 2024 Consumer Guide to Health Insurance is now available. This resource highlights the health insurance products offered in New York State to help New Yorkers choose a company based on quality of care and service: http://on.ny.gov/2024cghi
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Three years ago today, Superintendent Adrienne A. Harris was appointed to be Superintendent of Financial Services for New York State. Under her leadership, the Department is committed to empowering consumers and protecting them from financial harm, ensuring the health of the entities we regulate, driving economic growth in New York through responsible innovation, and preserving the stability of the global financial system. As a data-driven regulator, here are a few key data points from three years of Superintendent Harris' administration.
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Superintendent Adrienne A. Harris joined Salzburg Global Seminar to discuss regulating for a robust financial ecosystem, the evolution and impact of emerging technologies, and the need for more progress in achieving financial inclusion. Read her full discussion with Audrey Plimpton: https://lnkd.in/eudND9d6
Spotlight on Financial Ecosystems! 🌍 Dive into our latest interview where Superintendent Adrienne A. Harris discusses the importance of effective regulation in building a robust financial ecosystem. Check out this video clip for key insights, and read the full article for more in-depth analysis: https://ow.ly/pY5A50T8mMO
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ICYMI: Nordea has agreed to pay $35 million in penalties as part of a Consent Order entered into with #NYDFS for significant compliance failures and inadequate diligence of its correspondent bank partners. More via The Wall Street Journal's Mengqi Sun: https://lnkd.in/dHkNfcCa
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Superintendent Adrienne A. Harris and team members from across the Department represented DFS at the 2024 New York State Fair. From kicking things off on opening day to speaking directly with hundreds of New Yorkers about DFS's work on health equity and other important financial services topics, it was a busy and exciting week. Check out our video recap. ⤵️
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NEW: Superintendent Adrienne A. Harris Secures $35 Million Settlement with Nordea for Significant Compliance Failures and Inadequate Diligence Over High-Risk Correspondent Banks Details: https://lnkd.in/eF3kZtFg
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This week, DFS personnel will be on-site at Stony Brook University in #SuffolkCounty to assist New Yorkers impacted by severe weather. Residents can also get assistance by calling the DFS Disaster Hotline at 800-339-1759, including during extended evening hours. For additional disaster and flood recovery resources and information, visit https://lnkd.in/eKa2yg_k.
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This week, Superintendent Adrienne A. Harris joined the DFS team at the opening of the Great New York State Fair. The Department is on-site to highlight its work to advance #healthequity and discuss important financial services topics with New Yorkers. Be sure to stop by the DFS booth through Sunday!
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Due to damage impacting homes and properties from severe weather, DFS personnel are being deployed to #SuffolkCounty to assist residents and business owners with insurance-related questions. New Yorkers can also get insurance and banking assistance via DFS's Disaster Hotline at 800-339-1759. Through 8/30, the hotline hours have been extended to include evening hours to provide additional support to impacted Long Island communities. https://lnkd.in/eikrvxMa
Governor Hochul Declares Disaster Emergency for Suffolk County Following August 18 - 19 Record Rainfall
dfs.ny.gov