N.Y.'s Vullo Maintains Low Profile While Policing Big Banks

New York’s top banking regulator Maria Vullo attracted national attention for the first time this year as a leading critic of the U.S. Comptroller of the Currency’s proposed federal charter for fintech companies.

Since becoming head of the New York Department of Financial Services last year, the former Paul Weiss litigator has generally stayed under the radar relative to her predecessor, Benjamin Lawsky. He often found himself in the spotlight for his tough talk and billion-dollar cases against big banks.

“Lawsky had a penchant for taking actions that were gut punches to executives and investors,” Edward Mills, a policy analyst ...