On June 3, 2021, the Court of Appeals for the Second Circuit issued a decision in the OCC's appeal of the SDNY decision in Lacewell v. Office of the Comptroller of the Currency in which the NYDFS had successfully challenged...more
The Situation: The Office of the Comptroller of the Currency ("OCC") has appealed a decision from the Southern District of New York that concluded that the OCC lacks the authority to grant "Fintech Charters" to nondepository...more
1/6/2020
/ Consumer Financial Products ,
Depository Institutions ,
FDIC ,
Financial Services Industry ,
FinTech ,
Fintech Charter ,
Madden v Midland Funding ,
National Bank Act ,
National Bank Charters ,
Non-Depository Institutions ,
NYDFS ,
OCC ,
Popular ,
Preemption ,
Usury ,
Valid When Made Doctrine