NY To Keep Up Pressure On Banks In Age Of Trump

Law360, New York (November 15, 2016, 4:32 PM EST) -- New York state's top financial regulator on Tuesday said that her agency will continue to actively oversee the banks, insurance companies and other firms it regulates even if their federal counterparts are ordered to pull back from their aggressive postures by the Trump administration.

New York Superintendent of Financial Services Maria T. Vullo said in an interview with Law360 that she remains hopeful that bold talk by the incoming Trump administration and its Republican allies in Congress about dismantling the 2010 Dodd-Frank Act would not result in a full-scale deregulation of the U.S. financial system.

However, if Congress and President-elect Donald...

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