Tagged: linda lacewell

March 24, 2021 @ 12:26 am By JD Alois  |  

The New York State Department of Financial Services (DFS) has determined that Apple (NASDAQ:AAPL) and underwriter Goldman Sachs (NYSE:GS) did not violate fair lending laws in regards to complaints pertaining to the Apple Card. In late 2019, Twitter erupted with a series of Tweets alleging… Read More

October 21, 2020 @ 9:39 am By JD Alois  |  

  PayPal (NASDAQ:PYPL) has partnered with Paxos to allow users to buy, hold, sell crypto, and pay in crypto by using the PayPal wallet in a new partnership with Paxos. The decision to incorporate digital assets is another sign of corporate acceptance of digital currency…. Read More

October 15, 2020 @ 10:30 am By JD Alois  |  

  The New York Department of Financial Services (DFS) has scheduled its first-ever “Techsprint” that will take place in 2021. The event will focus on digital regulatory reporting for virtual currency companies. As New York is a global financial hub, many Fintech firms are based… Read More

June 24, 2020 @ 3:26 pm By JD Alois  |  

The Superintendent of Financial Services of New York Linda A. Lacewell has announced a Memorandum of Understanding (MoU) between the State University of New York (SUNY) and the New York State Department of Financial Services (DFS) to launch a new SUNY-related virtual currency program called… Read More

November 10, 2019 @ 1:58 pm By JD Alois  |  

The relatively new Apple Card (NASDAQ:AAPL), issued by Goldman Sachs (NYSE:GS), is receiving some unwanted regulatory scrutiny from the New York Department of Financial Services (DFS). A series of tweets from David Heinemeier Hansson, the creator of Ruby on Rails and CTO of Basecamp, noted… Read More

October 23, 2019 @ 1:03 pm By Omar Faridi  |  

The New York Department of Financial Services (NYDFS), the department of the NY state government that regulates financial services and products, is currently reviewing its virtual currency license. While speaking at Georgetown University’s Institute of International Economic Law during DC Fintech Week, NYDFS Superintendent Linda… Read More

September 5, 2019 @ 2:44 pm By Samantha Hurst  |  

Superintendent of Financial Services Linda A. Lacewell announced on Thursday the New York State Department of Financial Services (DFS) has authorized Paxos Trust Company LLC to offer a gold-backed virtual currency. Lacewell reported that this is the first gold-backed virtual currency that is being offered… Read More

July 24, 2019 @ 10:26 pm By Cali Haan  |  

One year ago, former NYDFS (New York Department of Financial Services) Superintendent Maria T Vullo, issued a statement in which she said her organization, which regulate New York financial markets, “fiercely opposes the Department of Treasury’s endorsement of regulatory ‘sandboxes’ for financial technology companies.” Vullo’s strong… Read More

July 10, 2019 @ 7:33 am By JD Alois  |  

Following a recent trip to Israel by New York State Governor Andrew Cuomo, a broad group of economic partnership agreements has been forged between the state and Israel. Included in the development partnerships is Fintech. Governor Cuomo issued a statement saying “New York is open… Read More

June 19, 2019 @ 6:48 am By JD Alois  |  

Late last month, the New York Department of Financial Services (DFS) announced the creation of a new Cybersecurity Division. The new Division is described as a first of its kind by DFS. Acting DFS Superintendent Linda A. Lacewell appointed Justin Herring as Executive Deputy Superintendent… Read More

March 28, 2019 @ 1:33 pm By JD Alois  |  

The New York State Department of Financial Services (DFS) has approved the application of Tagomi Trading for a virtual currency and money transmission license. DFS has authorized Tagomi to engage in money transmission and to offer trade routing and order execution services for non-securities virtual… Read More