Second Circuit dismisses New York’s “unripe” fintech charter suit
The appeals court found DFS lacked standing to bring the complaint, which it described in any case as "constitutionally unripe" (Credit: vetasster on shutterstock)
A US appeals court has overturned a ruling that blocked the Office of the Comptroller of the Currency from issuing so-called “fintech charters” – but left open the question of its authority to issue such charters after ruling New York’s state regulator did not have standing to bring the original suit.
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