Citing the Consumer Financial Protection Bureau's "troublesome policy shift away from consumer protection," New York State Department of Financial Services ("DFS") Superintendent Maria T. Vullo issued a statement saying that the DFS will take action to "fill the increasing number of regulatory voids created by the federal government."
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New York Says it Will Step in to Protect Consumers in the Financial Services Market
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I am disappointed by the new administration’s sudden policy shift, which is clearly intended to undermine necessary national financial services regulation and enforcement
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