A customer uses an Apple iPhone to make a payment on a Square device. (Photo: David Paul Morris/Bloomberg)

A federal judge in the Southern District of New York on May 2 rejected a motion from an office within the U.S. Treasury Department to dismiss a lawsuit from the New York State Department of Financial Services (DFS) seeking to prevent the federal government from issuing certain bank charters to financial technology companies.

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Dan M. Clark

Dan M. Clark is the Albany reporter for the New York Law Journal. He covers the state Court of Appeals, the state legislature, state regulators, and more. Email Dan anytime at [email protected].