News & Analysis as of November 17, 2024

Financial Institutions

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Fintechs, Novel Charters, and Fed Master Accounts - Of Elephants and Mouseholes

Venable LLP on 4/25/2024

A U.S. District Court recently rejected arguments that banks and institutions with novel charters have a statutory right to obtain a Federal Reserve master account. Master accounts let institutions access key parts of the...more

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Fintechs, Novel Charters, and Fed Master Accounts - Of Elephants and Mouseholes

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