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Home Court filings Payservices v. Frbsf Joint Status Report (March 12, 2026) — Application Reinstated Claim — PayServices v. FRBSF

Court filing

Joint Status Report (March 12, 2026) — Application Reinstated Claim — PayServices v. FRBSF

Record facts

CourtU.S. Court of Appeals for the Ninth Circuit
Filed2026-03-12

Summary

A Joint Status Report filed March 12, 2026 in PayServices Bank v. Federal Reserve Bank of San Francisco, No. 24-2355, in the U.S. 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. It responds to the Court's order entered January 24, 2025 directing status reports every 30 days until the administrative appeal is resolved. It states that the administrative appeal remains on remand with the Idaho Department of Finance, that the Department issued requests for information on January 16, 2026 and February 12, 2026, and that PayServices responded on February 20, 2026. The Federal Reserve Bank of San Francisco states that it lacks access to the underlying documents and orders and cannot comment on the reinstatement PayServices describes. The report is four pages and is signed by counsel for both parties.

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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, 03/12/2026, DktEntry: 76.1, 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. 
The administrative appeal remains on remand with the Idaho 
Department of Finance (the “Department”). As two Idaho administrative law judges 
have established, the application has been reinstated during this time period.  
2. 
On January 16, 2026 and on February 12, 2026, the Department issued 
requests for information. PayServices timely responded to the requests for 
information on February 20, 2026.  
3. 
Appellee Federal Reserve Bank of San Francisco (“FRBSF”) does not 
have access to the underlying documents and orders for PayServices’ administrative 
appeal, including the Departments’ requests for information and PayServices’ 
response referenced above.  Accordingly, FRBSF cannot comment on PayServices’ 
claim that its application has been reinstated while the administrative appeal is on 
remand, including because PayServices has not filed the applicable orders with the 
Court.  See Docket Entry Nos. 65.1-67.1, 69.1, 73.1.  FRBSF has no updates or 
Case: 24-2355, 03/12/2026, DktEntry: 76.1, Page 2 of 4

2 
 
information regarding the status of PayServices’ administrative appeal and is only 
aware of the above events through PayServices’ updates herein. 
4. 
Any further updates in this matter will be provided via a status report, 
which will be filed 30 days from today’s date. 
 
Date: March 12, 2026  
 
 
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, 03/12/2026, DktEntry: 76.1, Page 3 of 4

3 
 
CERTIFICATE OF FILING AND SERVICE 
 
 
I hereby certify that on this 12th day of March, 2026, 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/ Jonathan K. Youngwood 
Jonathan K. Youngwood 
Simpson Thacher & Bartlett LLP 
425 Lexington Avenue   
New York, NY 10017  
Telephone: (212) 455-2000 
jyoungwood@stblaw.com 
 
Attorney for Appellee Federal Reserve 
Bank of San Francisco 
 
 
 
 
 
 
 
 
 
Case: 24-2355, 03/12/2026, DktEntry: 76.1, Page 4 of 4

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