The headlines in recent weeks tied to the Office of the Comptroller of the Currency (OCC) have centered on legal disputes over national bank charters for FinTech companies. As has been reported in past weeks, a ruling handed down by a federal judge in New...
The suit can proceed. The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. Judge Victor Marrero,...
October 23, 2019
New York’s federal district court ruled that the U.S. Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. 22). The decision is a victory for state financial regulators wanting to block the OCC from […]
