New York State Department of Financial Services

The New York State Department of Financial Services (NYDFS) is a state government agency responsible for regulating and supervising financial institutions operating within New York, including banks, insurance companies, and other financial services firms. Its goal is to ensure the safety, soundness, and integrity of the financial system, protect consumers, and prevent financial fraud. NYDFS sets rules, conducts examinations, and enforces laws to maintain stability and trust in New York's financial industry, promoting responsible practices and safeguarding the interests of consumers and businesses alike.