New York State Department of Financial Services

In the three years since Superintendent Adrienne A. Harris was confirmed by the Legislature, DFS has continued to achieve groundbreaking milestones for the people of New York. Under her leadership, the Department has returned more than $630 million to consumers and health care providers, including a record $228 million in 2024 alone; addressed more than 150,000 consumer complaints; adopted 53 regulations; and issued 96 pieces of regulatory guidance.   Under Superintendent Harris, DFS has advanced critical policy initiatives to tackle unfair overdraft fees, eliminate cost-sharing for insulin, combat discrimination in affordable housing insurance, and increase transparency in the prescription drug supply chain. She has strengthened the Department’s oversight of virtual currency and nonbank financial services, while ensuring the responsible use of AI in financial services to prevent bias and discrimination. DFS also continues to prioritize building a more operationally resilient organization, hiring or promoting more than 1,000 team members since 2022 and modernizing systems and processes to better serve New Yorkers.   From advancing health equity to improving cybersecurity protections, Superintendent Harris and the dedicated DFS team remain committed to fostering a fair, equitable, and resilient financial system. If you’re interested in joining us to build a stronger future for New York, visit: www.dfs.ny.gov/careers

Superintendent Adrienne A. Harris and the Department of Financial Services join the world in reflecting on the life and legacy of Dr. Hazel N. Dukes, president of the New York State chapter of the NAACP and pioneering civil rights leader. As we mourn her loss, we honor her lifelong fight for equality and economic justice.

This week, Superintendent Harris and members of the DFS team were in DC for the AIR - Alliance for Innovative Regulation Bank + Fintech TechSprint. The event explored solutions related to the evolving business models of community banks and concluded with a thought-provoking fireside chat between Adrienne A. Harris and Jo Ann Barefoot on the future of financial supervision. Please join us in congratulating the DFS team members whose innovative solutions were recognized at the TechSprint with the Fast Award, for the solution that can make an impact most quickly, and the Audience Favorite Award.

Today, Superintendent Adrienne A. Harris joined the NYU Stern Fintech Conference: Fintech and the Future 2025 for a keynote fireside chat with Kathleen Traynor DeRose CFA. Superintendent Harris discussed DFS’s role as a world-class financial regulator, the intersection of fintech and financial policy, and the Department’s leadership on critical issues including cybersecurity, virtual currency regulation, and AI in financial services.   Thank you to NYU Stern Fubon Center for Technology, Business and Innovation for hosting this important discussion!

In New York State, student loan borrowers and their co-signers are entitled to protections as described in the New York State Student Loan Borrowers Bill of Rights. During Financial Aid Awareness Month, DFS reminds borrowers of their rights. More information on navigating student loans and debt relief resources: https://lnkd.in/d3V9MNS4

Following recommendations from its review of the supervision and closure of Signature Bank, DFS developed an operational stress test to be administered to regulated banking organizations as part of a pilot program. A new DFS white paper describes the role of operational stress testing in a well-functioning regulatory ecosystem, the pilot program, and the Department’s findings: https://lnkd.in/edYHUEPb

NEW: Governor Hochul expands access to mental health and substance use disorder treatment for New Yorkers through regulations adopted by DFS and DOH. New network adequacy standards established to reduce appointment wait times and make provider directories easier to navigate. “This regulation helps New Yorkers to get mental health and substance use disorder treatments more quickly," said Superintendent Adrienne A. Harris. "The Department is dedicated to eliminating obstacles to care, and this initiative furthers our mission to create a more inclusive, transparent, and resilient health care system across the State.” Details on today's announcement: https://lnkd.in/ej92uZCR

We asked our employees to describe DFS in one word. Here's what they said. Interested in joining the DFS team? Take the first step by browsing opportunities available throughout the Department and across New York State at dfs.ny.gov/careers.

NEW: Superintendent Adrienne A. Harris Holds Auto Insurers Accountable with $20.4 Million in Fines “Accurate and timely reporting by insurers is critical to protecting New Yorkers on the road, ensuring compliance with state laws, and maintaining the integrity of our enforcement systems,” said Superintendent Harris. “These actions demonstrate DFS’s unwavering commitment to holding insurers accountable and safeguarding consumers.” Details on the multi-year investigation: https://lnkd.in/ejAxnpgi

Interested in staying up to date on DFS’s nation-leading Cybersecurity Regulation and its requirements? Subscribe to our bimonthly newsletter for updates and reminders: https://lnkd.in/e662g6U5