New York State Department of Financial Services

New York State Department of Financial Services Official Account for the New York State Department of Financial Services.

Today, DFS leadership met with the 2026 Summer Intern class for a dedicated discussion on the agency’s mission and the r...
06/17/2026

Today, DFS leadership met with the 2026 Summer Intern class for a dedicated discussion on the agency’s mission and the role public service plays in protecting New Yorkers.

It gave interns an inside look at how we supervise the financial services sector, develop nation-leading policy, and advance responsible innovation that strengthens markets and protects consumers.

From Research and Innovation to Climate and Cybersecurity, they are gaining firsthand experience across divisions. We look forward to seeing all they accomplish this summer!

Elder abuse can take many forms — including financial exploitation.This week recognizes World Elder Abuse Awareness Day,...
06/17/2026

Elder abuse can take many forms — including financial exploitation.

This week recognizes World Elder Abuse Awareness Day, an opportunity for the Department to highlight resources that help older New Yorkers, families, and caregivers recognize warning signs and protect their financial well-being.

Learn more athttps://www.dfs.ny.gov/system/files/documents/2025/03/Elder_Abuse-2025.pdf

This morning, Acting Superintendent Asrow joined FTI Consulting for a fireside discussion on the future of financial reg...
06/16/2026

This morning, Acting Superintendent Asrow joined FTI Consulting for a fireside discussion on the future of financial regulation.

As digital asset markets continue to move quickly, she highlighted DFS’s leadership in responsible oversight, from advancing groundbreaking policy on stablecoins to maintaining close coordination with other regulators and open dialogue with industry leaders.

DFS remains committed to responsible innovation and protecting consumers while creating a competitive financial services sector.

The Department has released its 2025 Annual Report, highlighting work that protects consumers, strengthens markets, and ...
06/15/2026

The Department has released its 2025 Annual Report, highlighting work that protects consumers, strengthens markets, and supports a fair, innovative, and resilient financial system.

The report details key accomplishments from across New York’s financial services sector, and beyond.

Read the full report:https://www.dfs.ny.gov/system/files/documents/2026/06/2025-dfs-annual-report_0.pdf

Happy Albany Pride! DFS’s Consumer Assistance Unit is on-site at the Albany Pride Parade and Festival, sharing resources...
06/14/2026

Happy Albany Pride! DFS’s Consumer Assistance Unit is on-site at the Albany Pride Parade and Festival, sharing resources to help New Yorkers better understand their health care rights and the role DFS plays in protecting consumers.

Leadership from DFS joined the Life Insurance Council of New York Board of Directors for a discussion on shared prioriti...
06/12/2026

Leadership from DFS joined the Life Insurance Council of New York Board of Directors for a discussion on shared priorities across New York’s life insurance sector.

The conversation covered key topics shaping the industry, including the recently passed State Budget and the opportunities it creates to strengthen consumer protections, foster a thriving market, and improve affordability for New Yorkers.

Acting Superintendent Asrow joined The Aspen Institute’s Joanna Smith-Ramani to discuss the role of financial regulation...
06/09/2026

Acting Superintendent Asrow joined The Aspen Institute’s Joanna Smith-Ramani to discuss the role of financial regulation in expanding economic opportunity and strengthening financial security.

With leaders from across the public and private sectors, she highlighted the Department’s work to protect consumers, support responsible innovation, and strengthen access to safe, affordable financial products and services for New Yorkers.

May was another impactful month for DFS — advancing affordability, strengthening consumer protections, enhancing cyberse...
06/09/2026

May was another impactful month for DFS — advancing affordability, strengthening consumer protections, enhancing cybersecurity, and engaging directly with New Yorkers and industry partners.

Here are some highlights you may have missed:

→ Advanced Kathy Hochul’s FY27 Budget priorities, supporting efforts to build a safer, stronger, and more affordable financial system for all New Yorkers.

→ Strengthened cybersecurity protections across New York’s financial services sector, issuing new guidance to help regulated entities defend against evolving threats and safeguard the systems millions rely on.

→ Engaged with industry leaders and stakeholders, with Acting Superintendent Asrow participating in discussions on insurance regulation, affordability, and the future of financial services at the New York Insurance Association Annual Conference.

→ Contributed to global conversations on financial innovation, with DFS leadership engaging in international discussions on digital assets, tokenization, and the evolving regulatory landscape at OMFIF’s Digital Money Summit and The London Global Financial Centre Summit.

→ Celebrated public service and workforce excellence, from teaming up in the CDPHP Workforce Team Challenge to honoring DFS staff for outstanding contributions to public service.

Today, DFS proposed a regulation to build on New York’s nation-leading stablecoin framework and align the Department’s l...
06/09/2026

Today, DFS proposed a regulation to build on New York’s nation-leading stablecoin framework and align the Department’s longstanding standards with new federal requirements under the GENIUS Act.

Under the proposal:

→ Existing requirements for reserve backing, redeemability, and independent audits would remain in place
→ Additional safeguards would align New York’s framework with new federal standards
→ Issuers would be required to maintain robust risk management programs

Read the full release: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20260609

Today, Acting Superintendent Asrow joined Capitol Account’s Ryan Tracy at the Open Banker Salon for a fireside conversat...
06/05/2026

Today, Acting Superintendent Asrow joined Capitol Account’s Ryan Tracy at the Open Banker Salon for a fireside conversation on the future of financial services regulation.

The discussion covered key issues shaping the sector, from digital assets to cybersecurity and AI, and the evolving role of state regulators.

As the financial services landscape continues to change, DFS remains focused on open dialogue and responsible innovation that strengthens protections for consumers and markets.

Address

1 State St
New York, NY
10004

Opening Hours

Monday 8:30am - 4:30pm
Tuesday 8:30am - 4:30pm
Wednesday 8:30am - 4:30pm
Thursday 8:30am - 4:30pm
Friday 8:30am - 4:30pm

Telephone

+18003423736

Website

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