Joint Status Report — PayServices Bank v. Federal Reserve Bank of San Francisco, Ninth Circuit No. 24-2355 (DktEntry 59.1, June 2, 2025)

Summary

A Joint Status Report dated June 2, 2025, in PayServices Bank v. Federal Reserve Bank of San Francisco, No. 24-2355, in the United States Court of Appeals for the Ninth Circuit, on appeal from the United States District Court for the District of Idaho, No. 1:23-cv-00305-REP. It responds to the court's Order entered January 24, 2025 (Docket Entry No. 52.1), which directed status reports every 30 days. The report states that the matter before the Idaho Office of Administrative Hearings, challenging the termination of PayServices' preliminary approval, was fully briefed as of March 21, 2025 and remains pending with the hearing officer. The signature lines show s/ Jade A. Craig and s/ Jonathan K. Youngwood.

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“Joint Status Report — PayServices Bank v. Federal Reserve Bank of San Francisco, Ninth Circuit No. 24-2355 (DktEntry 59.1, June 2, 2025).” Original at storage.courtlistener.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/gov-uscourts-ca9-1a3878fe-2377-4c5c-b106-0563eb262821-59-0-2f6323dfb1/, SHA-256 3c34d93114f0b56968408ba391342776d69e2d329bc0da0e37c5c4dd77ca1ee3.

Full text

              Case: 24-2355, 06/02/2025, DktEntry: 59.1, Page 1 of 4




                             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.                      Jonathan K. Youngwood
Jade A. Craig, P.A.                      Simpson Thacher & Bartlett LLP
1048 S. Clearview Avenue, #3             425 Lexington Avenue
Tampa, Florida 33629                     New York, NY 10017
Telephone: (813) 459-1309                Telephone: (415) 455-3539
jade@jadeacraigpa.com                    jyoungwood@stblaw.com

Attorney for Appellant                   Attorney for Appellee Federal Reserve
PayServices Bank                         Bank of San Francisco

                Case: 24-2355, 06/02/2025, DktEntry: 59.1, Page 2 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”) does not

have access to the Idaho Office of Administrative Hearings briefing referenced

below 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.     The matter pending before the Idaho Office of Administrative Hearings

challenging the termination of PayServices’ preliminary approval has been fully

briefed as of March 21, 2025. The matter remains pending with the hearing officer.

The parties to that hearing are still awaiting a written ruling from the hearing officer.

      3.     Any further updates in this matter will be provided via a status report

which will be filed 30 days from today’s date.

              Case: 24-2355, 06/02/2025, DktEntry: 59.1, Page 3 of 4




Date: June 2, 2025


Jade A. Craig, P.A.                         Simpson Thacher & Bartlett LLP

s/ Jade A. Craig_______                     s/ Jonathan K. Youngwood____
Jade A. Craig                               Jonathan K. Youngwood

Attorney for Appellant PayServices          Attorney for Appellee Federal Reserve
Bank                                        Bank of San Francisco




                                        2

               Case: 24-2355, 06/02/2025, DktEntry: 59.1, Page 4 of 4




                 CERTIFICATE OF FILING AND SERVICE

      I hereby certify that on this 2nd day of June, 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/ _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




                                         3

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