Original source: https://www.wsj.com/articles/new-yorks-top-financial-regulator-wants-to-protect-consumers-11562587212
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Wall Street Journal (07/08/19) Vielkind, Jimmy
At a recent interview, the New York State Department of Financial Services (DFS) Superintendent Linda Lacewell said her focus is going to be to guarantee data privacy and consumer protection. Earlier this season, Lacewell united the agency’s authorities and consumer agencies and produced a new cybersecurity division to oversee compliance with all state regulations that require financial companies to safeguard consumer information and notify the country when a breach occurs. This comes because the national Consumer Financial Protection Bureau (CFPB) has moved from supervision to schooling. “Where CFPB measures down, DFS has to measure up,” said Lacewell. According to Chuck Bell, programs director at Consumer Reports,”I feel that Superintendent Lacewell gets a financial regulator in the 21st century has to focus on what works for both consumers and their wider communities.” Kathryn Wylde, CEO of the Partnership for New York City, added,”She’s hoping to ensure the function of DFS is that of a regulatory agency with enforcement powers — not a bureau with a political agenda.”… Read More
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Original source: https://www.wsj.com/articles/new-yorks-top-financial-regulator-wants-to-protect-consumers-11562587212
We browse the web nonstop to make you to realize to the betterment of getting a Public Adjuster on your side. Look at this web post we just found.
Wall Street Journal (07/08/19) Vielkind, Jimmy
At a recent interview, the New York State Department of Financial Services (DFS) Superintendent Linda Lacewell said her focus is going to be to guarantee data privacy and consumer protection. Earlier this season, Lacewell united the agency’s authorities and consumer agencies and produced a new cybersecurity division to oversee compliance with all state regulations that require financial companies to safeguard consumer information and notify the country when a breach occurs. This comes because the national Consumer Financial Protection Bureau (CFPB) has moved from supervision to schooling. “Where CFPB measures down, DFS has to measure up,” said Lacewell. According to Chuck Bell, programs director at Consumer Reports,”I feel that Superintendent Lacewell gets a financial regulator in the 21st century has to focus on what works for both consumers and their wider communities.” Kathryn Wylde, CEO of the Partnership for New York City, added,”She’s hoping to ensure the function of DFS is that of a regulatory agency with enforcement powers — not a bureau with a political agenda.”… Read More
We appreciate you! And please email us if you need some help when dealing with your insurance broker. NO claim, NO fee!