Analysis

Cuomo Plan Would Reinforce NY's Financial Protection Role

Law360 (January 10, 2020, 10:38 PM EST) -- New York Gov. Andrew Cuomo has outlined a set of financial services policy priorities for the coming year that he says will bolster the state's consumer protection capabilities, an agenda that attorneys say underscores the state's aggressive regulatory reputation but doesn't strike out in unexpected directions.

In a more than 300-page State of the State agenda unveiled this past week, the New York governor called for legislative changes that would, among other things, establish a state licensing and oversight regime for debt collectors and provide officials with enforcement authority under New York law to go after abusive conduct, paralleling authority possessed...

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