Legal Seminar

Fintech Charter Litigation

CSBS Challenge

Southern District  of New York

NYDFS Brief Due  July 23

NYDFS Challenge

Second Circuit

Briefs of Amici  Curiae Due      July 30

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OCC Payments Charter

Can They Do That?

“For those companies looking for a national licensing platform for their payments business, Brooks announced that in the Fall of 2020, the first version of a potential ‘Payments Charter’ would be unveiled by the OCC. Such a Charter would grant the institution a federal pre-emption, or a federal money transmitter license, eliminating the need to go to all 50 states and obtain a license to operate in each state.”

- “Acting Comptroller of the ‘Cryptocurrency’ Brian Brooks to Unveil New Payments Charter,” Forbes, June 26, 2020

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