There is a basic bargain that when a financial company is entrusted with safeguarding customer funds and receives a license from the state to do so - it accepts the need for heightened regulatory scrutiny to help ensure that a consumer's money does not just disappear into a black hole.

Benjamin Lawsky

Categorized in : Technology

We have no interest in micro-managing minor app updates. We're no... by Benjamin Lawsky

We have no interest in micro-managing minor app updates. We're not Apple.

Benjamin Lawsky

technology

That's going to be up to Barclays and up to the other regulators. by Benjamin Lawsky

That's going to be up to Barclays and up to the other regulators.

Benjamin Lawsky

company-news

We believe there are likely widespread problems with transaction monitoring and filtering systems throughout the industry, improving those systems is critical to stopping criminal activity, including terrorism.

Benjamin Lawsky

company-news

The Dodd-Frank Act provides a powerful new tool for state regulators to pursue wrongdoing and obtain restitution for consumers who were abused.

Benjamin Lawsky

company-news