News & Analysis as of

State Budgets NYDFS

Orrick, Herrington & Sutcliffe LLP

New York FY 2024 budget proposes to end unfair overdraft practices

On February 1, the New York governor released the state’s FY 2024 budget proposal, which includes measures for ending certain bank overdraft and insufficient fee practices. ...more

WilmerHale

Governor Cuomo Proposes Significant Expansion of Powers of New York Department of Financial Services

WilmerHale on

In legislative language accompanying his proposed budget, New York Governor Andrew M. Cuomo proposes to significantly expand the powers of the New York Department of Financial Services (DFS), the state’s banking and insurance...more

Eversheds Sutherland (US) LLP

New York Governor Cuomo’s proposed budget bill bolsters DFS Superintendent’s fining authority

On January 21, New York Governor Andrew Cuomo released his Fiscal Year 2021 executive budget proposal for the State of New York. The budget includes proposed legislative that would increase the authority of the Superintendent...more

Mintz - Health Care Viewpoints

New York (Again) Seeks to Regulate Pharmacy Benefit Managers

On January 15, 2019, Governor Cuomo released the 2019-2020 Executive Budget, which proposes substantial legislative changes that would affect pharmacy benefit managers (PBMs). Among other things, the law would require PBMs to...more

Harris Beach PLLC

NYS Budget: The Impact of the Governor’s Proposals

Harris Beach PLLC on

As New York state lawmakers prepare to learn details, schools and municipalities face impacts of Governor Andrew Cuomo’s 2019 spending plan. The State Budget, totaling $168.2 billion in spending calls for $100 billion in...more

Ballard Spahr LLP

Controversial NY lender and student loan servicer licensing proposals removed from budget bill

Ballard Spahr LLP on

A New York lender licensing proposal that threatened to create new regulatory burdens for financial service providers and to potentially adversely affect credit availability to New York residents and businesses, has been...more

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