N.Y. State Department of Financial Services

The New York State Department of Financial Services (NY DFS) is a government agency responsible for regulating and overseeing the financial industry within New York. It supervises banks, insurance companies, and other financial institutions to ensure they operate fairly, securely, and comply with laws. The department aims to protect consumers, maintain stability in the financial sector, and prevent fraud or misconduct. It also issues licenses, enforces regulations, and responds to financial threats, contributing to a trustworthy and well-functioning financial environment in the state.