Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application

Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application

[ad_1] “Thus, unless Federal Reserve Banks possess discretion to deny or reject a master account application, state chartering laws would be the only layer of insulation for the U.S. financial system,” the judge wrote. “And in that scenario, one can readily foresee a ‘race to the bottom’ among states and politicians to attract business by … Read more