· NY legislature · 2025-2026

Allows the department of financial services to impose penalties on unlawfully unlicensed entities

Allows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations.

Sponsor

Alex Bores (D-NY)

Introduced

2025-01-09

Policy area

Finance and Financial Sector

Latest action

REFERRED TO BANKS