December 20, 2018
Partner Catherine Brennan quoted in Law360 article as Vullo Departs NY DFS
On December 19, Law360 reported that New York's top banking and insurance, Maria T. Vullo, has decided to leave her post at the New York Department of Financial Services (DFS), effective February 1, 2019. Law360 contacted Partner Catherine Brennan regarding Vullo's lawsuits to attempt to block the Office of the Comptroller of the Currency's fintech charter. Catherine said that Vullo's efforts have not always been on solid legal footing or in the best interest of consumers.
"There's an opportunity here for Cuomo to appoint a new superintendent that better represents all of the stakeholders in New York," Catherine said.
Catherine primarily assists investors in the consumer financial services and alternative business funding sectors. She engages in credit due diligence on behalf of investors in fintech firms, bank partnership platforms, small business lenders, merchant cash advance companies, consumer finance companies, title loan companies and payday lenders.
Subscribers to Law360 may click here to read the article.