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Governor revises bill proposing to merge New York’s insurance, banking and consumer protection regulators into a single agency
- Edwards Wildman Palmer LLP
- March 1 2011
As reported in our February 15, 2011 Client Alert, New York Governor Andrew Cuomo unveiled a bill (the "Bill") on February 1, as part of his 2011-2012 budget, proposing to merge the State's Insurance and Banking Departments and the Consumer Protection Board into a single agency, to be known as the Department of Financial Regulation (the "DFR"