OCC Takes Aim At State Regulators’ Fintech Charter Challenge

On Apr 30, 2021

Law360 (April 29, 2021, 10:21 PM EDT) — The Office of the Comptroller of the Currency told a D.C. federal court on Thursday that the third time is not the charm for state banking regulators challenging the agency’s ability to grant nontraditional bank charters, arguing that their latest lawsuit is still premature.

The Conference of State Bank Supervisors, a national organization representing bank regulators from all 50 states, sued the OCC late last year after the agency accepted a bank charter application from Figure Technologies Inc., a blockchain lending startup based in San Francisco.

The lawsuit sought to renew the group’s long-simmering legal feud with the OCC over whether…

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OCC Takes Aim At State Regulators’ Fintech Charter Challenge

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