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Financial Services Law Insights and Observations

New York Senate Confirms Maria Vullo as Superintendent of NYDFS

NYDFS

State Issues

On June 15, the New York State Senate confirmed Governor Andrew Cuomo’s nomination of Maria Vullo as Superintendent of the NYDFS. Replacing former Superintendent Benjamin Lawsky, Vullo will be responsible for the regulation of more than 1,500 insurance companies and almost 1,600 banking and other financial institutions. Prior to joining the NYDFS as Acting Superintendent in February 2016, Vullo was a litigation partner in private practice, and formerly served as Executive Deputy Attorney General for Economic Justice Division in the New York AG’s office. Commenting on her role, Vullo noted that she is “committed to strengthening New York’s status as the financial capital of the world, protecting consumers, and ensuring that everyone follows the law.”