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    • ENFORCEMENT ACTIONS—California recovers over $4.8 million for scam victims of major crypto ATM company CoinFlip
    • BANKING OPERATIONS—ICBA urges OCC to deny Gurufin national trust bank charter
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    • BANKING OPERATIONS—NYDFS updates guidance on exempt wage calculations
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    Banking and Finance Law Daily Wrap Up, BANKING OPERATIONS—NYDFS updates guidance on exempt wage calculations, (Nov 5, 2026)

    By Colleen M. Svelnis, J.D.

    The guidance replaces the corresponding method in the Department's 2017 guidance, and drops references to employer size.

    The New York State Department of Financial Services (DFS or The Department) has updated its Exempt Income Protection Act guidance ...

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