If the Federal Reserve and FDIC are imposing an undisclosed rule, they may be in breach of the Administrative Procedure Act.| Unchained
Fintechs have been waiting for years for a U.S. federal payments charter, which has been tried and blocked twice. But a newly disclosed precedent reveals such a charter already de facto exists – and in more than half of the 50 U.S. states, no less. Courts will determine the degree of the charter’s traction in…| Caitlin Long