NYDFS JOINS IN MULTI-STATE ENFORCEMENT ACTION AGAINST BANKRUPT MONEY TRANSMITTER
Enforcement takeaways (according to the Consent Order allegations): • NYDFS appears more inclined recently to act with other regulators under the auspices of the Conference of State Banking Supervisors and Money Transmitter Regulators Association. The action grew out of a multi-state investigation and subsequent Interim Cease and Desist Order filed by the agencies in March 2024. • NYDFS … Read more