Caitlin Lengthy, the CEO and founding father of Custodia Financial institution, has been preventing for entry to the Fed funds system for a few years. Custodia first utilized for a Fed grasp account in October 2020.
After her utility was endlessly delayed, she sued the Fed to evaluation her utility. They finally did and dominated towards her. So, she sued the Federal Reserve once more.
Final month a Wyoming decide dominated towards Custodia. We discovered on Friday that Custodia is interesting that call. The financial institution has appealed to the Tenth Circuit.
Nobody may accuse Caitlin Lengthy of not making an attempt. She has been steadfast in her perception that Custodia deserves a Fed grasp account and has been a vocal critic of Fed coverage not permitting a brand new breed of financial institution like Custodia entry to the Fed.
The battle will proceed.
Featured
> Custodia Financial institution Appeals Courtroom Loss in Fed Grasp Account Lawsuit
By Nikhilesh De
Custodia, a Wyoming-based aspiring crypto financial institution, filed a discover of attraction towards a courtroom ruling that affirmed the Federal Reserve’s rejection of its bid for a grasp account and membership.
From Fintech Nexus
> LatAm SMBs: a 1 trillion financing hole
By David Feliba
A report reveals that 9 in each 10 SMBs within the area are at present underserved. This presents a possibility for Latin American fintechs.
Podcast
Mitch Jacobs, Founder & CEO of Plink on transaction personalization
The CEO and founding father of Plink explains why even right now banks are unable to totally make the most of the cardboard transaction information that exists…
Webinar
How you can Maximize Conversions, Reduce Fraud at Account Opening
Could 2, 2pm EDT
Each banks and fintech need onboarding new prospects to be safe, easy and quick. However there’s a delicate steadiness. Make…
Additionally Making Information
- USA: FDIC sides with Colorado in courtroom tussle over high-cost loans
The Federal Deposit Insurance coverage Corp. is arguing that Colorado has the proper to determine an rate of interest cap that every one state-chartered banks should observe. Three business teams are suing the state in an effort to cease its tried crackdown.
To sponsor our newsletters and attain 180,000 fintech fans together with your message, contact us right here.
