Lacewell Takes Over as New York DFS Superintendent Following Vullo’s Tenure

Article 0 Comments When Governor Andrew Cuomo of New York launched his statewide banking and insurance regulator several years ago, he picked an aggressive ex-prosecutor who’d spent years under his wing. Now, in naming his latest chief of the state’s Department of Financial Services, he’s returned to the same playbook. […]

Cuomo Proposes Banning Stretch Limos from New York Roads

Article 0 Comments New York Governor Andrew Cuomo proposed banning stretch limousines from the state’s roads as part of a safety crackdown on large for-hire passenger vehicles following the deadliest U.S. transportation accident in nearly a decade. Twenty people were killed in October after a stretch Ford Excursion sport utility […]

New York, New Jersey Governors Set 2019 Goals to Legalize Recreational Marijuana

Article 0 Comments The Democratic governors of New York and New Jersey each set goals to legalize recreational marijuana as part of their 2019 agendas, declaring in separate State of the State speeches Tuesday that new laws should raise state revenue and redress past criminal and economic injustice. “We must […]

Cuomo Criticizes Predatory Lending Approach Involving New York Courts

Article 0 Comments New York Governor Andrew Cuomo is seeking to end his state’s role as the nation’s collections department for predatory loans to small businesses. Cuomo plans to submit legislation to curtail the use of confessions of judgment, he said Tuesday in his annual message to the state legislature. […]

Cuomo Nominates Lacewell to Replace Vullo as Superintendent of New York DFS

Article 0 Comments New York Governor Andrew Cuomo has nominated his chief of staff and counselor Linda Lacewell as superintendent of the New York State Department of Financial Services (DFS). The appointment was announced by Governor Cuomo’s office along with several of his additional term three administrative appointments. “This administration […]

New York Transformer Explosion Lights Sky, Causes Power Outages

Article 0 Comments A transformer explosion at an electrical plant set the skies above New York City ablaze in an eerie, pulsing blue light Thursday night, causing scattered power outages, delaying flights and sparking a social media storm of jokes about an alien invasion. The blast prompted a brief fire […]

Judge Blocks New York from Enforcing Opioid Surcharge on Companies

Article 0 Comments A Manhattan federal judge blocked New York state from enforcing a recently enacted law that aimed to collect $600 million from drug manufacturers and distributors to defray the costs of combating the opioid addiction epidemic. U.S. District Judge Katherine Polk Failla ruled that while the concerns driving […]

Vullo to Step Down as New York Insurance Regulator; Gov. Cuomo Weighs Successor

Article 0 Comments Maria Vullo is stepping down as head of New York’s banking and insurance regulator, she said in an interview, after three years in which she created a national model for cybersecurity regulations at banks and fought back against federal attempts to chip away at Obamacare and payday-lending […]

New York Lawmakers Pledge to Change Laws That Enable Predatory Lending

Article 0 Comments New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country. Brad Hoylman, incoming chairman of the Senate Judiciary Committee, called the current situation “alarming” and said […]

New York Governor Says Limo That Crashed Shouldn’t Have Been on the Road

Article 1 Comments The supersized limousine that crashed and killed 20 people outside a country store failed a safety inspection last month and shouldn’t have been on the road, and the driver wasn’t properly licensed, New York’s governor said Monday. The state moved to shut down the owner, Prestige Limousine, […]