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NY Bank Regulator Sues OCC Again Over Fintech Charter

Law360 (September 14, 2018, 8:23 PM EDT) -- New York’s state bank regulator moved Friday to block the Office of the Comptroller of the Currency from making good on plans to offer special-purpose national bank charters to financial technology companies, filing a suit in Manhattan federal court that seeks to have the agency’s recent so-called fintech charter decision invalidated.

In a complaint, the New York State Department of Financial Services’ Superintendent Maria T. Vullo asked the court to bar the OCC from implementing its July decision to start accepting fintech charter applications and to...
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Case Information

Case Title

Vullo v. Office of the Comptroller of the Currency et al

Case Number



New York Southern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

September 14, 2018

Law Firms


Government Agencies

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