It's the second time DFS has sued the OCC over its decision to allow fintech companies that do not receive deposits to seek special-purpose national bank charters.
Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isnt over yet, according to industry dealmakers.
U.S. District Judge Rosemary M. Collyer said that the Financial Stability Oversight Councils action was arbitrary and capricious and that the panel didnt follow its own guidelines.