I made this transfer to construct on the work began on the CFPB. Whereas the federal authorities continues to roll again, dismantle and trample on important client protections, state governments should step as much as fill this void. New York is main the way in which. By means of the work of the New York State Division of Monetary Companies (DFS), established by Gov. Cuomo and the Legislature in 2011, New York has cracked down on predatory lenders, put in place vital protections for pupil debtors, confronted discrimination within the monetary companies business and helped shield sufferers from shock medical payments.