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New York State Department of Financial of Financial Services Alerts Regulated Entities Of Opportunity To Receive Credit Under The Ny Cra For Activities Undertaken To Address Climate Change That Benefit Low- To Moderate-Income Communities

New York State Department of Financial of Financial Services Alerts Regulated Entities Of Opportunity To Receive Credit Under The Ny Cra For Activities Undertaken To Address Climate Change That Benefit Low- To Moderate-Income Communities - Additional DFS Action To Fully Integrate Climate Change Into All Of Departmentâs Programs
Date
09/02/2021
The New York State Department of Financial of Financial Services (DFS) issued guidance alerting banking institutions subject to the New York Community Reinvestment Act (the “New York CRA”) that they may receive credit for financing activities that support the climate resiliency of low- and moderate-income (LMI), and underserved communities.
“Climate change is happening now and there is no time to waste in addressing its financial risks. At the same time, climate change disproportionally impacts disadvantaged communities, many of whose members are people of color. DFS is issuing today’s guidance to prov ....

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NYS investigation shows only 9.74% of loans in Buffalo made to minorities

Gov. Cuomo announced Thursday that an investigation into redlining revealed that loans made to minorities are only half of what should be expected. ....

New York , United States , City Of Buffalo , Andrew Cuomo , Superintendent Of Financial Services Lindaa Lacewell , York Community Reinvestment , York State Department Of Financial Services , New York State Department , Financial Services , Governor Andrew Cuomo , Community Reinvestment Act , Financial Services Linda , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் எருமை , ஆண்ட்ரூ கோமோ , யார்க் சமூக மறு முதலீடு , யார்க் நிலை துறை ஆஃப் நிதி சேவைகள் , புதியது யார்க் நிலை துறை , நிதி சேவைகள் , கவர்னர் ஆண்ட்ரூ கோமோ , சமூக மறு முதலீடு நாடகம் , நிதி சேவைகள் லிண்டா ,

Governor Cuomo Announces Findings of New York Investigation of Redlining in Buffalo

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Follows Governor s 2021 State of the State Proposal to Expand Home Ownership in Historically Redlined Communities to Bridge Racial Wealth Gap

Report by Department of Financial Services Finds Significant Lack of Lending in Majority-Minority Neighborhoods and to Homebuyers of Color, Decades After Redlining Was Banned by Law

Report Recommends Legislative Action to Require Nonbank Mortgage Lenders to Comply with New York State CRA and Calls on Federal Government to Take Further Action With Respect to Federally Chartered Institutions

Department of Financial Services Entered Settlement with Hunt Mortgage Aimed at Improving Poor Performance in Lending to Communities and Borrowers of Color; Several Other DFS Investigations Are Ongoing ....

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New York State Department Of Financial Service Superintendent Lacewell Announces AIG To Pay $12 Million To NY For Unlicensed Pension Risk Transfer Business - AIG's Pension Risk Transfer Business Solicited Business In New York And Placed Group Annuity Contracts With American General, An Unlicensed AIG Subsidiary

New York State Department Of Financial Service Superintendent Lacewell Announces AIG To Pay $12 Million To NY For Unlicensed Pension Risk Transfer Business - AIGâs Pension Risk Transfer Business Solicited Business In New York And Placed Group Annuity Contracts With American General, An Unlicensed AIG Subsidiary - Part of Ongoing, Industry-Wide Investigation of Pension Risk Transfers Deals In NY
Date
01/02/2021
Superintendent of Financial Services Linda A. Lacewell announced today that AIG will pay a $12 million penalty to New York State for New York Insurance Law violations related to its subsidiary American General Life Insurance Company (AGL) and that company’s pension risk transfer (PRT) business. A New York State Department of Financial Services (DFS) investigation uncovered that AGL solicited and did insurance business in New York without a license. ....

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Open enrollment for uninsured New Yorkers extended

Open enrollment for uninsured New Yorkers extended
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