New York Post
Cuomo nominates ex-aide to keep big banks in line Wall Street is getting a new overlord. Gov. Andrew Cuomo has nominated Maria T. Vullo, a former aide and a lawyer at white shoe law firm Paul Weiss, to be...
Banks eye less aggressive superintendent to lead DFS It’s the Wall Street equivalent of speaker of the House. Regulating the big banks — a task that falls to the superintendent of New York’s Department of Financial Services —...
New York foreclosure laws must be fixed: regulator New York’s foreclosure laws are “broken,” and it’s time to change them, the state’s top banking regulator said Tuesday. Ben Lawsky, superintendent of the Department of Financial Services, slammed the...
US slaps Germany's Commerzbank with $1.45B money-laundering fine Another money-laundering bank is getting hung out to dry. German bank giant Commerzbank has agreed to pay $1.45 billion — its biggest fine ever — and fire an employee to...
Lawsky cracks down on lender backed by Montel Williams Money talks — unless you’re Montel Williams. The former talk show host will stop endorsing MoneyMutual’s payday loans in the Empire State after the company was slapped for illegally marketing...
Beleaguered Bill Erbey exiting Ocwen Financial after 27 years Bill Erbey is walking toward the exit. The chairman of Ocwen Financial, the beleaguered mortgage servicing company, is expected to step down from his position Friday after more than 27...
Lawsky probes discrimination allegations against auto lenders Ben Lawsky wants to put the brakes on shady car loans. New York’s top financial regulator is investigating the financing arms of Ford, Honda, Hyundai, Nissan and Volkswagen over allegations...
Analyst compares regulation to Garner chokehold death Pity the bankers. A UK bank that aided terrorism sponsor Iran through money laundering is as much a victim as Eric Garner, the Staten Island man whose alleged chokehold death at the hands of police has...
Benjamin Lawsky lassoes $315M for misleading DFS It was a fine so nice, the state got it twice. Top New York financial regulator Benjamin Lawsky socked the Bank of Tokyo-Mitsubishi UFJ with a second, stiffer fine of...