New York Sues U.S. to Stop Fintech Bank Charters
Reuters, Sept. 14, 2018–Jonathan Stempel
Maria Vullo, superintendent of New York’s Department of Financial Services, called the July 31 decision by the Office of the Comptroller of the Currency to let financial technology companies, or fintech firms, obtain charters “lawless, ill-conceived, and destabilizing of financial markets.”
