March 25, 2020
A New York federal judge on Wednesday threw out a lawsuit from a "narrow bank" startup that alleges federal regulators have unfairly blocked it from opening a business-critical account at the New York Fed, ruling the firm's case is premature because no official denial has yet been given.
February 03, 2020
A "narrow banking" startup that's suing for access to Federal Reserve services is looking to a newly assigned Manhattan federal magistrate judge for help getting discovery rolling in its case against the New York Fed, seeking to jump-start the litigation after months in limbo.
March 28, 2019
A "narrow bank" startup that's suing for access to the Federal Reserve's payments system urged a Manhattan federal judge on Wednesday to block the Fed's Board of Governors from seconding the New York Fed's bid to shut down the case, accusing the federal banking regulators of delay tactics.
March 12, 2019
A suit brought by a new "narrow bank" that claims it's been unfairly barred from opening a master account with the Federal Reserve Bank of New York should be tossed because its application for the account is still under review, the Fed has told a Manhattan federal judge.
October 17, 2018
The Federal Reserve Bank of New York on Tuesday previewed its anticipated bid to escape a lawsuit from a new "narrow bank" that alleges it's been unfairly blocked from receiving a Fed master account, telling a Manhattan federal judge that the case is premature because the bank's application is still under review.