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New York Department of Financial Services

News
·Oct. 22, 2019

Judge Rules OCC Unable to Issue Fintech Charters

We’ve been following the OCC Fintech Charter since it was first formally proposed in December 2016. Since then it has...
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FintechNews RoundupUSA
·Dec. 13, 2017

Suit Against OCC Fintech Charter Thrown Out

The lawsuit by the New York Department of Financial Services aimed at blocking the OCC Fintech Charter has been thrown out; Judge Naomi Reice Buchwald stated, "Since the OCC has not reached a final ‘fintech charter decision,’ defendants’ … motion is granted as plaintiff has suffered no injury in fact … and because plaintiff’s claims are not ripe."; it is possible that they could attempt to re-sue once the fintech charter is created. Source

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