CFPB, Federal Agencies, State Agencies, and Attorneys General
New York Governor Andrew Cuomo has nominated Linda Lacewell to become Superintendent of the state’s Department of Financial Services. Ms. Lacewell would replace Maria Vullo who announced last month that she will leave DFS on February 1.
Ms. Lacewell most recently served as Governor Cuomo’s Chief of Staff. She previously served as executive director of a cancer foundation initiative in California and as Governor Cuomo’s Chief Risk Officer. … Continue Reading
Maria Vullo, the current Superintendent of the New York Department of Financial Services, has announced that she will leave DFS on February 1, 2019.
Ms. Vullo, who has served as Superintendent since 2016, has been an aggressive regulator. In September 2018, she made a public announcement stating that the DFS intended to pursue what appeared to be a disparate impact theory arising out of indirect auto finance transactions. … Continue Reading
At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.
The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC. … Continue Reading
