As part of Governor Cuomo's commitment to protecting users of financial products and services, New York State's Department of Financial Services (NYDFS) has taken additional steps to address identified deficient practices and failures of consumer credit reporting agencies.
On September 18, 2017, NYDFS released a regulation, 23 NYCRR 201, that requires consumer reporting agencies to register with the Superintendent of NYDFS by February 1, 2018 in order to do business with any New York State resident. As part of the new regulation, consumer reporting agencies must establish and maintain a cybersecurity program designed to protect consumer data and manage cyber risk while also following the compliance requirements of 23 NYCRR 500.
To learn more about the requirements of the regulation as well as A&M’s recommended approach for consumer credit reporting agencies, read our tear sheet here.
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In the second article in our three-part series, we reveal how and why institutions must evolve from traditional environments built to record transactions toward modern, composable ecosystems engineered for intelligence, connectivity, and velocity.
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A&M advised NIBC on a successful LP-led secondary transaction involving the sale of a portfolio of private equity fund interests to De Wereld van Vermaat, through its fund investment arm, M Eight.
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A&M's PAG team acted as lead financial advisor to Deutsche Pfandbriefbank AG (pbb) on its first synthetic Significant Risk Transfer (SRT) securitisation, referencing a $2 billion loan portfolio secured by Commercial Real Estate (CRE) properties in the US.
Rewiring Finance for 2026: Intelligence, Connectivity, and Velocity
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The financial industry is undergoing a profound transformation, driven by the need to evolve from static systems of record to dynamic systems of intelligence, interoperability, and real-time settlement. Read our first article in our three part series.
