agency

New York State Department of Financial Services

New York State Department of Financial Services (DFS) is a state regulator. It was established in 2011 when the Legislature merged the former Departments of Insurance and Banking. It oversees over 3,000 financial institutions with nearly $10 trillion in assets.

dfs.ny.gov

Key facts

Established: 2011source
Predecessor departments abolished: October 3, 2011source
Staff: 1,390source
Budget: $360,811,000source
Regulated institutions: over 3,000 financial institutions with nearly $10 trillion in assetssource

WYDE coverage of New York State Department of Financial Services

WYDE Newsroom has published 2 articles about New York State Department of Financial Services, from Jul 31, 2026 to Aug 1, 2026. New York State Department of Financial Services is the regulator in 2 stories. The most recent is Norcross Gave $100M, the DOJ Charged $350M in Fraud, and BNY Put $8.6 Trillion Onchain. Over 60,000 Meals..

WYDE Weekly

Norcross Gave $100M, the DOJ Charged $350M in Fraud, and BNY Put $8.6 Trillion Onchain. Over 60,000 Meals.

WYDE Weekly: a record Cooper Health gift, a $350 million Southeast fraud sweep, BNY's onchain funds, Circle's New York trust charter, and the EAT Clippers launch.

Aug 1, 2026 · 6 min read · Regulator

Crypto & DeFi

Circle Wins a New York Trust Charter for Its USDC Stablecoin Business

The New York Department of Financial Services granted Circle a limited purpose trust charter for Circle New York Trust, adding to a license stack that started with a 2015 BitLicense.

Jul 31, 2026 · 2 min read · Regulator

Reported alongside New York State Department of Financial Services

Circle · in 2 stories with New York State Department of Financial Services
Andreessen Horowitz · in 1 story with New York State Department of Financial Services
Anthropic · in 1 story with New York State Department of Financial Services
BitMart · in 1 story with New York State Department of Financial Services
BNY · in 1 story with New York State Department of Financial Services
Cooper University Health Care · in 1 story with New York State Department of Financial Services
DataPhilanthropy · in 1 story with New York State Department of Financial Services
Federal Bureau of Investigation · in 1 story with New York State Department of Financial Services

Sources

About Us | Department of Financial Services

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