NY Banking Agency Pick Promises ‘Strong’ FinTech Oversight

By Jon Hill (January 24, 2022, 9:26 PM EST) – New York’s top interim financial services regulator said Monday it believes in “strong” oversight of fintech companies and expressed support to expanding her agency’s enforcement powers as two key Albany committees moved her closer to confirmation.

The New York State Senate Insurance and Finance Committees have voted in favor of Governor Kathy Hochul’s appointment of Adrienne Harris as Superintendent of the New York State Department of Financial Services. , a role that Harris has been acting since last summer.

The votes capped confirmation hearings in which Harris sought to allay concerns some progressives have raised about his ability…

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