Home » 2nd Circ. Urged To Undo NY Win In Fintech Constitution Swimsuit
Regulation360 (April 24, 2020, 6:49 PM EDT) — The federal company that wishes to grant banking charters to fintech corporations has urged the Second Circuit to undo the victory that New York’s monetary companies regulator scored towards the constitution program final 12 months, saying the choice to make the charters out there wasn’t regulatory overreach.
In a gap transient filed Thursday, the Workplace of the Comptroller of the Foreign money defended its foundation for providing banking charters to nondepository fintech corporations and argued that the New York State Division of Monetary Service’s authorized problem to this system ought to have been thrown out of Manhattan federal court docket.
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