Adrienne Harris, an industry-friendly fintech agent, gets control brand-new York’s robust financial regulator.
Under a prior superintendent, DFS endangered to revoke traditional Chartered’s ny consumer banking permit after a federal study revealed cash washing.
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Among newly put in New York Gov. Kathy Hochul’s primary important conclusion had been naming Adrienne Harris being the head with the state’s team of economical work (DFS), that is in charge of managing the activities of practically 1,800 insurance vendors with collective properties of $5.5 trillion and more than 1,400 deposit and banking institutions with wealth over $2.9 trillion.
If confirmed, Harris is responsible for guaranteeing prudent financial actions, robust consumer protection, and anti-fraud steps within nyc. Continue reading “A Fintech Fox through the Regulatory Henhouse. Yui Mok/Press Relation via AP Images”