I made this move to take advantage of the work started at the CFPB. While the federal government continues to recede, dismantle and trample on essential consumer protections, state governments must step up to fill this void. New York is leading the way. Through the work of the New York State Department of Financial Services (DFS), established by Governor Cuomo and the Legislature in 2011, New York has taken strong measures against abusive lenders, has established significant protections for student borrowers and has faced discrimination in the financial sector. service industry and helped protect patients from surprise medical bills.