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.
Are you prepared for 23/5, 24/5 or 24/7 markets?
August 7, 2025
In this article from A&M’s Financial Services Industry Group, we explore the shift toward continuous trading as U.S. markets prepare for extended hours—a move that could fundamentally reshape how institutions operate.
Relaunching the European Securitisation Market
August 7, 2025
On 17 June, the European Commission announced draft amendments to the Capital Requirements Regulation (CRR) and the Securitisation Regulation—marking a significant step toward revitalising the EU securitisation framework.
These proposed changes form part of the Commission’s broader efforts to refine the EU’s financial regulatory architecture, with the goal of fostering a more robust and liquid securitisation market that can better support economic recovery and growth.
2025 EBA Stress Test
August 5, 2025
The latest 2025 EU-wide EBA stress test results are out, and our first-glance analysis is in.
Transformation in Turbulent Times: A Blueprint for Success in Financial Services
July 16, 2025
This is the first article in our “Banking on success” series on navigating transformation in the financial services industry.
