New York State Department of Financial Services

With a staff of nearly 1,400 employees, the Department of Financial Services (DFS) regulates and supervises the activities of financial institutions, including insurance companies and state-chartered banks operating in New York. DFS also licenses money transmitters, mortgage loan originators and servicers, and insurance agents. DFS works every day to reform the regulation of the financial services industry to keep pace with their rapid and dynamic evolution, including the emergence of virtual currencies; guard against financial crises; and protect consumers and markets from fraud. Mission:?To reform the regulation of financial services in New York to keep pace with the rapid and dynamic evolution of these industries, to guard against financial crises and to protect consumers and markets from fraud.