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Big New York Financial News

Safeguarding Your Privacy: Understanding Consumer Protections in American Financial Institutions

When you initiate the process of opening a bank account or seeking a loan, the financial institution may request personal details from you, such as your Social Security number and income. Privacy practices can vary among different financial institutions; however, federal regulations exist to ensure consumer protection and uphold your privacy. It is important to…

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Big New York business News

Social Security Expands SSI Access: New Rule Includes SNAP Recipients and Revises Public Assistance Household Definition

Social Security to Broaden SSI Eligibility with New Public Assistance Household Definition Starting September 30, 2024, the Social Security Administration (SSA) will implement a significant update to the Supplemental Security Income (SSI) program. This new rule, titled “Expand the Definition of a Public Assistance Household,” aims to make it easier for individuals and families to…

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NYC Mayor Announces Cancellation Of Next Round Of Agency Spending Cuts As A Result Of Strong Fiscal Management, Additional Cuts To Asylum Seeker Spending, Better-Than-Expected Economic Performance

– New York City Mayor Eric Adams today announced the cancellation of the Fiscal Year (FY) 2025 Executive Budget Program to Eliminate the Gap (PEG) for city agencies — a direct result of decisive actions early on by the Adams administration to stabilize the budget through continued strong fiscal management, better-than-expected economic performance in 2023 that…

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NYC Mayor Adams, TLC Announce new Rules to Require City’s Rideshare Vehicles to be Zero-Emission, Wheelchair Accessible by 2030

August 16, 2023 New Proposed “Green Rides” Rules Lay Groundwork for a Cleaner, More Accessible New York City New York City to Become First Large City to Have Rideshare Fleet Entirely Either Zero-Emissions or Wheelchair Accessible NEW YORK – New York City Mayor Eric Adams and New York City Taxi and Limousine Commission (TLC) Commissioner David…

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NYC Shuts Down Vape Seller Price Point Distributors in Major Crackdown on Illegal E-Cigarette Sales

New York City Mayor Eric Adams and Corporation Counsel Muriel Goode-Trufant have successfully shut down Price Point Distributors, Inc., a Long Island-based online vape retailer, following a city lawsuit targeting illegal flavored e-cigarette sales. The settlement permanently ends the company’s operations and enforces steep penalties for future violations. This action is part of the Adams…

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