NYS Department of Financial Services

The New York State Department of Financial Services (NYS DFS) is a government agency responsible for regulating and supervising financial institutions, including banks, insurance companies, and fire insurers operating within New York. Its role is to ensure these institutions remain financially sound, act fairly, and follow laws to protect consumers. The department also oversees licensing, enforces financial regulations, investigates misconduct, and promotes a secure and transparent financial environment. Overall, it safeguards the stability of New York’s financial industry and helps maintain trust between consumers and financial services providers.