Last week, Benjamin Lawsky, the superintendent of the DFS threatened to revoke a banking license that would prevent Standard Chartered from doing business in New York.

FORBES: Did Standard Chartered Get Off Easy? How A $250 Billion Allegation Turned Into A Measly $340 Million Settlement

Benjamin Lawsky made one of the most exciting entrances to the regulatory game since a young attorney general by the name of Eliot Spitzer burst onto the scene in 1998.

WSJ: When Regulators Go Rogue

"New York policy holders have paid their premiums and have every right to expect a timely processing of their claims so that they can rebuild their homes and businesses, " department Superintendent Benjamin Lawsky said.

WSJ: NY reports 270K insurer claims paid after Sandy

Last month, DFS Superintendent Benjamin Lawsky said the money still wasn't getting to homeowners as quickly as needed despite a December agreement with servicers that resulted in a portion of insurance funds being freed up.

WSJ: NY ID's 10 worst firms holding back Sandy funds