New York State Department of Financial Services

Coverage by PYMNTS highlights the Department’s latest step to strengthen international cooperation in digital asset oversight.

The Department's MOU with the European Banking Authority establishes a framework for information sharing and coordination between New York and the EU — underscoring DFS’s continued commitment to effective oversight and responsible innovation that protects consumers and reinforces market integrity.

Read more at https://www.pymnts.com/blockchain/2026/ny-and-eu-regulators-agree-to-collaborate-on-stablecoin-supervision/ !

NY and EU Regulators Agree to Collaborate on X-Border Stablecoins | PYMNTS.com New York state’s financial watchdog has formed a stablecoin-related partnership with the European Banking Authority. The New York State Department of

Today, the Department of Financial Services welcomed members of TheCityUK delegation for a productive discussion on key priorities across the global financial services sector, from digital asset regulation to international regulatory cooperation.

As financial services continue to connect across jurisdictions, DFS remains committed to engagement with regulatory and industry partners to support responsible innovation, strengthen market stability, and protect consumers.

NEW: Acting Superintendent Asrow secured a settlement with Santander Consumer over misleading lending practices.

This action requires Santander Consumer to provide restitution to eligible impacted borrowers — reinforcing DFS’s commitment to holding institutions accountable, protecting consumers, and supporting a fair, transparent financial system.

Read the full release at the link in bio.

NEW: The Department of Financial Services announced the signing of a memorandum of understanding (MoU) with the European Banking Authority to facilitate the exchange of supervisory information surrounding stablecoins.

Enabling cross-border collaboration remains at the forefront of the Department’s mission to establish effective regulation that protects consumers and strengthens markets.

Read the full release at the link in bio!

The Department has released its 2025 Wild Card Report, providing insight into New York’s banking sector and highlighting how we maintain a competitive state charter while reinforcing responsible oversight.

DFS remains committed to fostering a sound financial services sector to ensure institutions can continue serving communities across the state.

Read the report:https://www.dfs.ny.gov/system/files/documents/2026/06/2025-NYSDFS-Wild-Card-Report_1.pdf

Today, Acting Superintendent Asrow joined New York Insurance Association President Cassandra Anderson at their Annual Conference, underscoring the importance of strong partnership between regulators and industry.

The Department remains committed to close collaboration to protect consumers, advance affordability, and strengthen the insurance sector — supporting a stable, competitive marketplace that delivers reliable coverage for all New Yorkers.

NEW: DFS Acting Superintendent Asrow's statement on the New York State FY227 Budget.

The Department looks forward to implementing these proposals in service of our mission to build a safer, stronger, and more affordable financial system that works for all New Yorkers.

Read her statement: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr2026052802
View the FY27 Budget: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr2026052801

NEW: Today, Governor Kathy Hochul announced reforms to lower auto insurance costs for New Yorkers.

By targeting fraud, preventing excessive profits, and returning savings to consumers, these reforms build on the Department's ongoing efforts to take on affordability and put money back into the pockets of hardworking New Yorkers.

Read more: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20260527

Please join us in congratulating the Cybersecurity Division's William Peterson for earning the Public Service Excellence Award at the NY State Academy for Public Administration’s 2026 Annual Ceremony.

This recognition highlights the Department’s ongoing work to advance nation-leading cybersecurity oversight and strengthen protections across New York’s financial services sector, and William's steadfast commitment to this effort.