New NYDFS Unit Signals Focus on Fair Lending and Financial Inclusion

The Situation: The New York Department of Financial Services ("NYDFS") has established a Statewide Office of Financial Inclusion and Empowerment, providing yet another example of state and federal regulators prioritizing fair lending and financial inclusion. The Result: The NYDFS announcement highlights the Department's ongoing efforts to facilitate broader financial inclusion and empowerment for minorities and underserved communities. These efforts are consistent with other state and federal...
By: Jones Day

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