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September 17, 2018 01:01 pm -04

New York sues US treasury for allowing fintechs to become banks

The City of New York is suing the US over a decision to permit US financial technology firms to apply for national bank charters, blasting it as "lawless" and "ill-conceived". Maria Vullo, superintendent of New York's Department of Financial Services...

Original Link: https://www.engadget.com/2018/09/17/new-york-sues-us-treasury-fintechs-banks/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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