New York’s OCC Fintech Charter Lawsuit is Dismissed

Payments
New York’s OCC Fintech Charter Lawsuit is Dismissed
Payment Facilitator
New York’s OCC Fintech Charter Lawsuit is Dismissed
As previously reported, last December saw the first public announcement from the Office of the Comptroller of the Currency (OCC) regarding the intent to begin accepting special purpose bank charter applications from fintech organizations. And since then, the response has been a mixed one. Most recently, a New York Department of Financial Services (DFS) lawsuit has been dismissed based largely on a “perceived lack of threat to the DFS’ own regulatory powers.”

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