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February 13, 2019 – Legislative & Regulatory Activity

February 13, 2019 – Legislative & Regulatory Activity

  • Linda Lacewell is on the job at DFS as Acting Superintendent of Financial Services. Her position will become permanent once she is confirmed by the New York State Senate. The Acting Superintendent has long been among the Governor’s most trusted aides during his tenure as both Attorney General and Governor. IBANYS will be reaching out to meet with her in the near future.
  • The Senate Banks Committee reported S.1864 (Gaughran)/A.4403 (McDonald),which would amend the real property tax law in relation to the redemption of real property subject to a delinquent tax lien. The bill would lower the redemption period for vacant and abandoned properties which are certified as such by the municipality from two years to one year. There has been no action in the Assembly as yet.
  • A.1914 (Vanel)/S.1194 (Sanders) would amend a chapter of the laws of 2018 establishing the digital currency task force, in relation to increasing the number of members to allow for legislative appointees. It is on the Assembly Banks agenda this week.
  • A.3214 (Cook)/(No companion bill in Senate as yet) would amend the Financial Services Law in relation to immunity from civil liability for certain information from not-for-profit organizations. It has been referred to the Assembly banks Committee.

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