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.

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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.

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