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Home Court filings Payservices v. Frbsf Joint Status Report (February 27, 2025) — PayServices v. FRBSF

Court filing

Joint Status Report (February 27, 2025) — PayServices v. FRBSF

Record facts

CourtU.S. Court of Appeals for the Ninth Circuit
Filed2025-02-27

Summary

A joint status report in PayServices Bank v. Federal Reserve Bank of San Francisco, No. 24-2355, filed February 27, 2025 as DktEntry 56.1 in the United States Court of Appeals for the Ninth Circuit, on appeal from the U.S. District Court for the District of Idaho, No. 1:23-cv-00305-REP. The parties file it under the court's order of January 24, 2025 directing status reports every 30 days until the administrative appeal is resolved. The appellee states that it did not attend the February 14 videoconference or the February 19 and 20 hearings and has no information about the administrative appeal beyond the appellant's updates. The report describes a pre-hearing conference on February 14, 2025 and an in-person evidentiary hearing on February 19 and 20, 2025 before a hearing officer appointed by the Idaho Office of Administrative Hearings, at which testimony and exhibits were received.

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Full text

No. 24-2355 
__________________________________________________________________ 
 
IN THE UNITED STATES COURT OF APPEALS 
FOR THE NINTH CIRCUIT 
 
 
PAYSERVICES BANK, 
 
Plaintiff-Appellant, 
 
v. 
 
FEDERAL RESERVE BANK OF SAN FRANCISCO, 
 
Defendant-Appellee. 
 
On Appeal from the United States District Court 
for the District of Idaho 
No. 1:23-cv-00305-REP 
Hon. Raymond E. Patricco, Jr. 
 
 
JOINT STATUS REPORT 
 
 
Jade A. Craig, Esq. 
Jade A. Craig, P.A. 
1048 S. Clearview Avenue, #3 
Tampa, Florida 33629 
Telephone: (813) 459-1309 
jade@jadeacraigpa.com 
 
Attorney for Appellant  
PayServices Bank
Jonathan K. Youngwood   
Simpson Thacher & Bartlett LLP   
425 Lexington Avenue   
New York, NY 10017  
Telephone: (415) 455-3539 
jyoungwood@stblaw.com  
 
Attorney for Appellee Federal Reserve 
Bank of San Francisco
 
Case: 24-2355, 02/27/2025, DktEntry: 56.1, Page 1 of 4

INTRODUCTION 
In the Court’s Order entered on January 24, 2025 (Docket Entry No. 52.1), 
the Court directed the parties to “file a status report as to the status of the appeal by 
February 27, 2025 and every 30 days thereafter until the resolution of the 
administrative appeal.” In compliance with this directive, the parties state the 
following: 
1. 
Appellee Federal Reserve Bank of San Francisco (“FRBSF”) did not 
attend the February 14th videoconference or the February 19th and 20th hearings 
described below, does not have access to any transcripts or exhibits or other 
materials from the hearings, and has no updates or information regarding the status 
of PayServices’ administrative appeal.  FRBSF is only aware of the below events 
through PayServices’ updates herein.  
2. 
On February 14, 2025, the parties to PayServices’ administrative appeal 
took part in a pre-hearing conference via videoconference. The parties discussed 
logistical matters regarding the presentation of evidence and witnesses at the 
administrative hearing and the scope of matters to be considered at the evidentiary 
hearing. 
3. 
On February 19 and 20, 2025, Appellant PayServices Bank participated 
in an in-person, evidentiary hearing with officials from the Idaho Department of 
Finance and their counsel, an assistant attorney general from the Idaho Attorney 
Case: 24-2355, 02/27/2025, DktEntry: 56.1, Page 2 of 4

2 
 
General’s Office. The hearing took place before a hearing officer appointed by the 
Idaho Office of Administrative Hearings. The hearing was transcribed and recorded 
by a court reporting service and took place at the court reporter’s offices in Boise, 
Idaho. 
4. 
The hearing officer took testimony from witnesses, which included 
officials in the Idaho Department of Finance, and from an incorporator of 
PayServices Bank. The hearing officer also received exhibits entered into evidence. 
5. 
At the conclusion of the hearing, the hearing officer directed the parties 
to submit closing statements by March 7, 2025. The parties may also respond to any 
legal arguments raised by the opposing party by March 14, 2025.  
6. 
After receiving closing statements and responses, the hearing officer is 
expected to take the matter under advisement and issue a written ruling. 
7. 
Any further updates in this matter will be provided via a status report 
which will be filed 30 days from today’s date. 
Date: February 27, 2025  
 
 
Jade A. Craig, P.A. 
 
s/ Jade A. Craig_______ 
Jade A. Craig 
 
Attorney for Appellant PayServices 
Bank 
 
Simpson Thacher & Bartlett LLP 
 
s/ Jonathan K. Youngwood_____ 
Jonathan K. Youngwood 
 
Attorney for Appellee Federal Reserve 
Bank of San Francisco  
Case: 24-2355, 02/27/2025, DktEntry: 56.1, Page 3 of 4

3 
 
CERTIFICATE OF FILING AND SERVICE 
 
 
I hereby certify that on this 27th day of February, 2025, I electronically filed 
the foregoing with the Clerk of Court for the United States Court of Appeals for the 
Ninth Circuit by using the appellate CM/ECF system. 
 
 
 
s/ Jade A. Craig_____ 
Jade A. Craig 
Jade A. Craig, P.A. 
1048 S. Clearview Avenue, #3   
Tampa, Florida  
Telephone: (813) 459-1309 
jade@jadeacraigpa.com 
 
Attorney for Appellant PayServices 
Bank
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Case: 24-2355, 02/27/2025, DktEntry: 56.1, Page 4 of 4

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