Is NY Dept of Financial Services fraud?

• Insurance Premium Payments: Many users report charges related to their insurance policies managed by companies regulated by the NYDFS.
• Financial Service Transactions: Some users mentioned charges from financial institutions for services like loans, credit cards, or mortgages.
• Subscription Services: Customers may see recurring charges related to subscription services that are overseen by the NYDFS, particularly in the financial sector.
• Licensing Fees: Charges could come from fees associated with obtaining or renewing licenses for various financial services.
• Penalties or Fines: Individuals have reported unexpected charges that resulted from penalties or fines imposed by financial entities for non-compliance.
• Account Maintenance Fees: Users may encounter charges for maintaining certain financial accounts or services.
• Fraudulent Transactions: In some forums, users have mentioned fraudulent charges appearing due to scams, leading them to the NYDFS for resolution.
• Transfer Fees: Charges might include fees for wire transfers or other money transfer services regulated under NYDFS.

If you see this charge and aren’t expecting it, you have various options.

First, try to contact the dfs.ny.gov via one of the support methods we listed below and inquire about the charge. See if they will refund it and cancel any associated subscriptions you might have.

If the dfs.ny.gov refused to issue a refund or you cannot get in touch with the company, call your bank or financial institution and open a credit card dispute. Record screenshot evidence from your prior conversations with dfs.ny.gov, and use that to open your credit card dispute. Tell your bank or credit card issuer that you do not recognize the charge and do not recall signing up for the service.

If this sounds like too much of a hassle, you can have Chargeback do it for you.

Chargeback is an independent consumer resource that provides educational information to help users understand how to cancel, manage, or request refunds for various subscriptions. We are not affiliated with, endorsed by, or sponsored by any of the companies mentioned on this site. All trademarks, logos, and brand names are the property of their respective owners.

The information we provide is based on publicly available sources and user reports and may contain inaccuracies or become outdated over time. Our guides are intended for general informational purposes only and should not be relied upon as official company instructions or legal advice.

Consumers are solely responsible for reviewing their own contracts, terms of service, and refund or cancellation obligations before taking any action. Nothing on this site should be interpreted as legal, financial, or contractual guidance.

Chargeback does not encourage or condone disputing valid charges, misrepresenting transactions, or taking any action that could violate a company’s terms, service agreement, or applicable laws. We promote fair, transparent, and lawful communication between consumers and businesses.