U.S. Court of Appeals for the Second Circuit 2nd Circuit Blocks NY Regulators' Lawsuit Against Federal Agency Over Fintech Charters
A unanimous three-judge panel of the Manhattan-based appeals court ruled Thursday that DFS, which regulates financial institutions in New York, lacked Article III standing to bring its lawsuit.
June 03, 2021 at 05:13 PM
4 minute read
The U.S. Court of Appeals for the Second Circuit has blocked the New York State Department of Financial Services' challenge to a federal regulation that allows financial technology companies to receive certain types of bank charters.
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