Hello:

Thank you.

Today, can you kindly confirm the below description is correct for this FOIL?

Thank you,

Gunnar

Gunnar Larson
xNY.io - Bank.org
646-454-9107


2022-090627: “Dear Madam or Sir: Today's memo requests records related to NY-DFS 
monitoring of $10,610,000,000 of pledge funds (detailed below) specific to financial inclusion. 
xNY.io would like to receive any and all records related to NY-DFS' monitoring of Goldman Sachs' 
potential money laundering and other abuses of Goldman project, One Million Black Women, 
with $10B in direct capital and $100M in charity investments: 
https://www.goldmansachs.com/our-commitments/sustainability/one-million-black-women/
xNY.io would like to receive any and all documents correlating NY-DFS monitoring of (or, 
confirming no correlation) the One Million Black Women fund related to any association to 
other Goldman student scholarship funds in Africa ... Furthermore, xNY.io would like to receive 
any and all documents, related to NY-DFS' regulatory scrutiny of interlocking directorates at the 
NAACP, Goldman Sachs, Wells Fargo and PayPal with potential collusion in leveraging 
marketplace spoofing tactics (or, records confirming no spoofing tactics) concerning $810 
million in pledge funds associated with the 2020 Mission Driven Banks whitepaper: 
https://drive.google.com/file/d/1rOXE7ierZcd8HlvNVy7hAYg7d86q_1dv/view?usp=sharing
Attached and below, kindly find outline of the $850M pledged: Goldman Sachs Industry: 
Financial Services Pledge Amount: $250 million Use of Funds: Goldman Sachs has committed 
$250 million for small business lending. Goldman Sachs will not issue these loans directly since it 
is not an approved small business loan provider in the United States. Instead, it will provide the 
financing to CDFIs and other mission-driven lenders to make the loans. Wells Fargo Industry: 
Banking Pledge Amount: $50 million Use of Funds: Wells Fargo has pledged a $50 million 
investment in African American MDIs. See Press Release PayPal Industry: Financial Services 
Pledge Amount: $510 million Use of Funds: PayPal has pledged $500 million for a long-term 
economic opportunity fund to support African American and underrepresented minority 
businesses and communities. The initiative will include “bolstering the company’s relationships 
with community banks and credit unions serving underrepresented minority communities, as 
well as investing directly into African American and minority led startups and minority-focused 
investment funds.” PayPal deposited $50 million in Optus Bank, an African American MDI in 
Columbia, South Carolina. PayPal will use another $10 million for grants to African American-
owned businesses affected by the COVID-19 pandemic or civil unrest surrounding protests. The 
very best, Gunnar Larson.” Expected due date: 10.28.22.

On Fri, Oct 28, 2022, 2:08 PM <Edward.Meltzer@dfs.ny.gov> wrote:

Good afternoon,

 

Attached please find correspondence from the NYS Department of Financial Services, pertaining to your FOIL request.

 

Thank you.

Tracking Number:FOIL-2022-090627-018394