Cuomo Nominates New Financial Regulator – NMP Skip to main content

Cuomo Nominates New Financial Regulator

Phil Hall
Jan 21, 2016
New York Gov. Andrew M. Cuomo has nominated Maria T. Vullo to serve as Superintendent of the state’s Department of Financial Services (DFS)

New York Gov. Andrew M. Cuomo has nominated Maria T. Vullo to serve as Superintendent of the state’s Department of Financial Services (DFS). Vullo is of counsel at Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she was a partner for 20 years, and served as executive deputy attorney general for economic justice in 2010 when Cuomo was New York State Attorney General Cuomo.

“Maria Vullo is a dedicated, tough and fair litigator with the right combination of public and private sector experience needed to lead the Department of Financial Services,” said Gov. Cuomo in a press statement. “Maria has shown an immovable commitment to upholding the law and protecting consumers, and I am confident that she would be a strong and tireless advocate for the people of New York as Superintendent.”

The DFS was created in 2011 and became a significant force of investigation and litigation under its first superintendent, Benjamin Lawsky, who quickly became globally prominent for his targeting of major financial services institutions. Lawsky left the DFS last June and the department was run by interim directors that did not require legislature approval.

Vullo received a B.A. from the College of Mount Saint Vincent, an M.P.A. from the New York University Wagner Graduate School of Public Service and her J.D. from New York University School of Law. She clerked for Judge John A. Mackenzie of the U.S. District Court, Eastern District of Virginia and has been named a “New York Super Lawyer” by Super Lawyers Magazine and part of the “Defense Hot List” published by the National Law Journal

Published
Jan 21, 2016
CFPB Seeks Insight On Creating A Fairer Mortgage Market

The Consumer Financial Protection Bureau has been actively looking to create a fairer mortgage market, free of discriminatory engagements. To do so, it issued a Request for Information to seek input on rules implementing the Home Mortgage Disclosure Act.

Regulation and Compliance
Nov 17, 2021
Regulators Renew Effort to Protect Against Foreclosures

CFPB, The Fed, FDIC and other agencies will watch for compliance with COVID-19 protections

Regulation and Compliance
Nov 10, 2021
Fed To Begin Tapering Asset Purchases by 14.3% This Month

Also sets target range for the federal funds rate at 0 to 1/4%.

Regulation and Compliance
Nov 03, 2021
CFPB Cracks Down On Discriminatory Credit Reporting For Black And Hispanic Consumers

Consumers in majority Black and Hispanic neighborhoods are far more likely to have disputes appear on their credit reports. 

Regulation and Compliance
Nov 03, 2021
CFPB Names 2 New Assistant Directors

Former Obama Administration officials will lead Supervision Policy, Enforcement divisions.

Regulation and Compliance
Oct 29, 2021
FHFA Proposes Extra Disclosure Rules For Fannie, Freddie

The proposed rule for the Enterprise Regulatory Capital Framework seeks to put Enterprises on a "level playing field" with U.S. banking requirements.

Regulation and Compliance
Oct 28, 2021