Albany, New York — For Maria Vullo, being both pro-business and pro-consumer is part of the job as the state's superintendent of banks and insurance companies.
"They don't have to conflict," she said of the dual roles. "I think it is part of my job to ensure the safety and soundness of the financial services industry and for it to prosper. I also think my job is to make sure that the contracts and promises that they make to people, that they are going to meet those promises."
Vullo was confirmed in June to take over the Department of Financial Services (DFS), which was created in 2011 by consolidating two of New York's most venerable regulatory agencies—the state banking department, formed in 1851, and state insurance department, formed in 1859.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
