Fed’s Input Spurned By “Narrow Bank” In Master Account Suit
A "narrow bank” startup that’s suing for access to the Federal Reserve’s payments system urged a Manhattan federal judge on Wednesday to block the Fed’s Board of Governors from seconding the New York Fed’s bid to shut down the case, accusing the federal banking regulators of delay tactics.
The Federal Reserve Board asked U.S. District Judge Andrew L. Carter Jr. for permission this week to file an amicus brief sup
Readers of this column will be aware that courts in the Second Circuit have had a complicated relationship with web-based contracts, and in particular with the idea of electronic consent to arbitration. Today, the vast majority of day-to-day commercial activity takes place through web-based services or applications (regardless of the complexity of the transaction or the sophistication of the parties) and in that environment online and electronic agreements have become ubiquit