The New York Department of Financial Services has assessed a fine of $4.5 million to a company for violating its cybersecurity regulations after an employee of the company was victimized by a phishing attack, which exposed non-public personal health data of hundreds of thousands of individuals, including minors. A copy …
Read More »NY DFS Brings Back Consumer Protection Council
The New York Department of Financial Services yesterday announced it was relaunching its Consumer Protection Advisory Council, and that the group has already held its first meeting. Along with bringing the group out of mothballs, the DFS also sought to expand Council’s membership, adding 14 new members, bringing the overall …
Read More »NY DFS Issues Proposed Amendments to Debt Collection Regulation
The New York Department of Financial Services yesterday released its proposed amendment to the state’s debt collection regulation, which adopts some of what is included in Regulation F, while also introducing some new wrinkles that seek to protect consumers by putting them on “a path to financial well-being,” according to …
Read More »NY DFS Proposes Reg to Curb Surprise Medical Bills
The New York State Department of Financial Services has issued a proposed regulation that aims to protect consumers who are provided misinformation about whether healthcare providers are part of their insurance network. The proposed regulation is an attempt, being promoted by consumer advocacy groups, to reduce what are known as …
Read More »N.Y. Gov. Nominates New DFS Superintendent
New York Gov. Kathy Hochul yesterday nominated Adrienne Harris, a former economic advisor to President Obama, to be the next Superintendent of the state’s Department of Financial Services. Harris, if confirmed, will replaced Linda Lacewell, who resigned last month in the wake of the scandal that brought down Gov. Andrew …
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