New York's financial watchdog, Adrienne Harris, head of the state's Department of Financial Services, plans to increase scrutiny on banks, insurance companies, and cryptocurrency groups operating in the city. Harris anticipates a surge in consumer protection cases due to the incoming Trump administration's deregulation plans. She emphasizes her office's commitment to consumer protection and willingness to fill regulatory gaps left by the federal government.
New York ’s financial watchdog is ready to “fill the gaps” left by the incoming Donald Trump administration’s planned deregulation spree, its chief has said, by increasing its scrutiny on banks, insurance companies and cryptocurrency groups that transact in the world’s commercial capital.
California has forged ahead with tougher pollution and emissions rules, while New York, Illinois and Washington are forcing through state-level climate disclosure requirements. When it comes to financial oversight, the DFS has “quite broad powers” over licensees, said Matt Levine, a former executive deputy superintendent for enforcement at the agency.
Deregulation Financial Regulation Consumer Protection Cryptocurrency New York
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