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department of financial services
Check-cashing centers sue Hochul admin over slashed income: 'Business-killing'
The money businesses gripe the changed rules limit the fees they can charge customers, a potential death blow as they struggle to stay afloat during record-high inflation.
Black investigator was called a 'bitch' while working at NYS finance department: suit
A veteran black female fraud investigator is suing the state Department of Financial Services alleging she was called a "bitch" for doing her job.
Fed Chair Powell warns Congress of high inflation as Dow plunges
Powell's remarks were part of mandated testimony he must deliver to Congress about the Fed's response to the COVID-19 pandemic and the resulting economic crisis.
Cuomo aide leaves COVID-19 task force amid gov's sex-harass scandal
The governor's aide whose wedding reception is at the center of the latest sexual-harassment allegation against Gov. Andrew Cuomo is leaving his COVID-19 task force. Gareth Rhodes said in a...
Regulators may punish bank over its Epstein ties
The long and murky relationship between Jeffrey Epstein and Deutsche Bank has caught the attention of New York regulators. Months of investigation by New York's financial watchdog agency, the Department...
Cuomo proposes crackdown on predatory debt collectors
Gov. Cuomo proposed a crackdown on predatory and abusive debt collectors in the latest rollout of his 2020 legislative agenda. The proposal would require the thousands of debt collectors that...
Online lenders under investigation by regulators in 11 states, Puerto Rico
The New York Department of Financial Services is leading a multistate probe that could snag a Silicon Valley startup backed by Andreessen Horowitz and the rapper Nas, The Post has...
Berkshire Hathaway insurer settles NY probe for $3 million
A troubled insurance company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $3 million to settle allegations that it jacked up prices on unwitting customers. Linda Lacewell, superintendent...
Berkshire Hathaway sells insurer accused of 'reverse Ponzi scheme'
Warren Buffett’s Berkshire Hathaway has agreed to sell Applied Underwriters, a workers' compensation insurer that has been stuck under a cloud of multiple regulatory investigations. In a rare divestiture for...
Italian bank will pay $1.3B fine for money laundering
Federal and state regulators slapped an Italian bank operating in New York with $1.3 billion in fines and penalties for laundering about $6.76 billion through the US financial system —...
Cash-advance app Earnin gets subpoenaed by NY regulator: source
New York regulators have launched an investigation into Earnin, a Silicon Valley-backed cash-advance app, over concerns that it may be skirting state lending laws, The Post has learned. The probe...
State regulators subpoena Trump Organization's insurance broker
State regulators have subpoenaed the Trump Organization's longtime insurance broker -- and they've also started looking into past policies and claims involving President Trump's family business -- as part of...
Standard Chartered fined $40M for currency rigging 'cartel'
A top Wall Street watchdog on Tuesday slapped a big bank with a $40 million fine over a brazen currency rigging scheme that had traders referring to themselves as a...
Cuomo nominates aide to head state's top Wall Street regulator
On Friday, Gov. Andrew Cuomo nominated his longtime aide and chief of staff to head the state’s top Wall Street regulator starting next month — a personnel change that signals...
New York threatens to block $69B CVS-Aetna merger
New York regulators on Thursday threatened to block CVS Health’s $69 billion merger with Aetna, demanding that the companies not raise insurance premiums in New York and that its pharmacy-benefits...
CVS-Aetna merger still faces New York state hurdle
CVS Health’s $69 billion deal to buy Aetna just cleared the Justice Department — but it hasn’t yet gotten past New York state. Regulators under Gov. Andrew Cuomo have raised...
Goldman branded a client 'Satan' as it rigged currencies: settlement
Goldman Sachs dealt with the devil — and just got burned by some regulatory heat. Lloyd Blankfein’s bank paid $110 million on Tuesday to settle charges that its traders rigged...
State regulator wants banks to hand over Jared Kushner's info
New York state’s banking regulator wants Deutsche Bank and a pair of local lenders to hand over information about their relationships with presidential adviser Jared Kushner, his family and businesses,...
NY regulator launches insurance discrimination probe
New York’s top financial regulator has launched a broad probe of 170 insurance companies to see if any discriminated against selling life insurance to gay men who took HIV-prevention medicine,...
NYS to probe insurers for denying people on PrEP
New York’s top regulator is planning to investigate insurance companies after a bombshell report showed that gay men were being denied life insurance coverage because they were taking HIV prevention...