NY DFS Press Releases

Jericho Share Ceases NY Operations for Selling Unlicensed Health Insurance

The New York State Department of Financial Services announced that Jericho Share has agreed to cease all operations in New York for selling unlicensed health insurance plans. This action follows an investigation into the company's activities.

New York Designates Butternut Valley Banking Development District

New York State Comptroller DiNapoli and the Department of Financial Services (DFS) have designated the Butternut Valley as a Banking Development District. This designation aims to support community banking and economic development in the region.

New York Regulation for Buy Now, Pay Later Loans

New York Governor Kathy Hochul announced a new regulation establishing comprehensive consumer protections for Buy Now, Pay Later (BNPL) loans. This regulation aims to provide a framework for BNPL services operating within the state, ensuring greater transparency and fairness for consumers.

Statement on FY 2027 Executive Budget Hearing

New York State Department of Financial Services Acting Superintendent Kaitlin Asrow delivered a statement at a joint legislative public hearing on the FY 2027 Executive Budget, focusing on economic development. The statement outlines the DFS's priorities and budget requests for the upcoming fiscal year.

New York Behavioral Health Treatment Access Campaign Launched

Governor Hochul has launched a public awareness campaign to educate New Yorkers on accessing behavioral health treatment. The campaign aims to inform individuals about their rights and available resources for mental health and substance use disorder services.