Items Tagged with 'Maria Vullo'

ARTICLES

  • New York sues federal government over fintech bank charter plan

    NYDFS is taking the government to task over decision to offer bank charters to fintech companies
    New York state’s top banking regulator sued the federal government to void its decision to begin offering national bank charters to online lenders and payment companies, saying the decision was unconstitutional and posed a threat to consumers. According to Reuters, Maria Vullo, NYDFS superintendent called the Office of the Comptroller of Currency’s decision to allow fintech companies to obtain bank charters, “lawless, ill-conceived and destabilizing of financial markets.”
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  • NYDFS: If Mulvaney’s CFPB won’t protect consumers, we will

    New York’s financial regulator pledges to fill void created by CFPB’s “troublesome” move
    If a new direction is indeed afoot at the Consumer Financial Protection Bureau, the New York Department of Financial Services is apparently ready to fill the void. In a statement released Thursday, NYDFS Superintendent Maria Vullo said that the agency is prepared to step in to address the CFPB’s “troublesome policy shift away from consumer protection.”
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  • New York regulators expand NMLS to broaden authority

    Usage grows into additional financial services
    The New York Department of Financial Services announced it is expanding its use of the Nationwide Multistate Licensing System and Registry. The department currently employs NMLS to manage and regulate mortgage providers licensed in New York. But now, it plans to use the NMLS for additional financial services industries.
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  • New York Gov. Andrew Cuomo chooses Maria Vullo to lead NYDFS

    Former Cuomo staffer will serve as New York’s top financial regulator
    New York Gov. Andrew Cuomo announced Thursday that his office nominated Maria Vullo to serve as the superintendent of the New York Department of Financial Services, ending a tumultuous period that saw rumors of tension between the governor’s office and the NYDFS surrounding the departure of Anthony Albanese as acting superintendent of New York’s top financial regulator.
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