Federal appeal lifts New York’s blockade of the US Fintech Charter

An appeals court overturned a New York ruling that allowed the state’s financial regulator to block the ambitious “fintech charter”.

The OCC says it is reviewing its charter process

The Second Circuit Court ruled that the Office of the Comptroller of the Currency (OCC) can issue special banking contracts to non-custodian institutions.

This repeals a 2019 decision by the New York Department of the Treasury (NYDFS) that …

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