Is NYS Financial Services fraud?

• Bank Fees - Customers might see charges related to banking services offered by institutions regulated by the New York State Department of Financial Services.
• Insurance Premiums - Charges for various types of insurance, such as health or auto insurance, may be processed through DFS-regulated companies.
• Loan Payments - Individuals may notice payments for personal loans, mortgages, or other financial agreements managed by entities overseen by DFS.
• Subscriptions - Some financial services may involve subscriptions for credit monitoring or identity theft protection, leading to recurring charges.
• Brokerage Fees - Charges related to investment accounts or trading services that fall under the jurisdiction of the DFS.
• Fraudulent Charges - Instances of unauthorized transactions related to financial products could mistakenly list DFS as the charge source.
• Regulatory Fees - Users might see fees associated with financial education or compliance, which may occasionally appear on billing statements.

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information we provide is based on publicly available sources and user reports and may contain inaccuracies or become outdated over time.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.