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Department of Financial Services

Department of Financial Services

  • Cuomo Proposed New Wall Street Regulation, But Left It Out of NYC Speech

    Cuomo state of the state new york city

    Gov. Cuomo (photo: The Governor's Office on flickr)


    As part of his 2017 policy agenda, Governor Andrew Cuomo announced on Sunday a plan to ban bad actors from the financial services industry. Cuomo’s proposal would empower a state agency, the Department of Financial Services, with the authority to mete out such punishment to those deemed to have violated the public trust.

    However, when he launched his

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  • Key to Vision of Closing Rikers, City Council Bail Fund Moves Through State Process

    MMV SOTC bail fund story

    Mark-Viverito delivers her State of the City (photo: William Alatriste)


    Last year, New York City Council Speaker Melissa Mark-Viverito unveiled her plan for a fund that would cover bail for poor individuals charged with low-level criminal offenses who would otherwise be forced to wait in a city jail for their court date. The Council dedicated $1.4 million of budget funds to back the project, which is nearing

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