Hello:

Thank you.

When possible today, can you please confirm the below description of this FOIL is correct?

-----

2022-090441: “Dear Madam or Sir: We would like to receive any and all records concerning 
NAACP, Goldman Sachs, Wells Fargo and PayPal collusion, where facts and figures beg the question of coordinated systematic racism associated with PayPal's conditional Bitlicense award. 

We would like to receive any records that would indicate NY-DFS' insights into both PayPal and 
Wells Fargo partnering to organize a clear scheme to profit off of New York's minority population (according to the details below). We would like to receive any and all records that indicate New York State NOT choosing to ignore the relevant facts associated with this matter. 

Furthermore, we would like to receive any and all records that indicate the New York State Retirement Fund is not being leveraged as a key investor in the associated scheme. 

Below kindly find detail that supports this records request: *March 11, 2022:* Bloomberg reported that Wells 
Fargo approved fewer than half of Black applicants were approved by the biggest bank mortgage lender: https://www.bloomberg.com/graphics/2022-wells-fargo-black-home-loan-refinancing/ *August 19, 2021:* 

Wells Fargo Launches Passive Bitcoin Fund for Wealthy Clients, 
minority and low income clients excluded: https://www.nasdaq.com/articles/wells-fargo-
launches-passive-bitcoin-fund-for-wealthy-clients-2021-08-19 *

October 22, 2020: 

*PayPal first 
to receive NY conditional virtual currency 'Bitlicense.' PayPal Inc. became the first firm to receive 
a conditional virtual currency license from the New York State Department of Financial 
Services*: * 
https://today.westlaw.com/Document/Ib5cd5e2f149c11ebbea4f0dc9fb69570/View/FullText.ht
ml?transitionType=Default&contextData=(sc.Default)&VR=3.0&RS=cblt1.0 *July 23, 2021, Wells 
Fargo Stock Ownership: * Ownership (NYS:WFC) Total Shares Outstanding 13F Ownership # of 
13 Holders Insider Ownership 4,107,998,274.00 77.05% 2,062.00 0.12% Top 10 13F Holders 13F 
Holders % Total Shares Held % of Portfolio Trend Prev. 8 Quarters Current Shares Market Value 
(B), USD New York State Common Retirement Fund 0.26% 0.46% 10,617,151 $414.81M New 
York State Teachers Retirement System 0.13% 0.44% 5,219,084 $203.91M Bank of New York 
Mellon Corp 0.77% 0.25% 31,624,345 $1.24B *July 23, 2021, PayPal Stock Ownership: * 
Ownership (NAS:PYPL) Total Shares Outstanding 13F Ownership # of 13 Holders Insider Ownership 1,174,728,054.00 86.69% 2,661.00 6.11% Top 10 13F Holders 13F Holders % Total 
Shares Held % of Portfolio Trend Prev. 8 Quarters Current Shares Market Value (B), USD Bank of 
New York Mellon Corp 0.97% 0.57% 11,452,187 $2.78B Goldman Sachs Group Inc 0.64% 0.46% 
7,554,169 $1.83B Wells Fargo & Co 0.64% 0.41% 7,465,572 $1.81B New York State Common 
Retirement Fund 0.20% 0.62% 2,317,196 $562.71M New York State Teachers Retirement 
System 0.13% 0.80% 1,521,757 $369.54M” Expected due date: 10.28.22.

Thank you,

Gunnar

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

On Fri, Oct 28, 2022, 1:57 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-2022-090441-018392