January 18, 2022
State bank supervisors have dropped a suit challenging the Office of the Comptroller of the Currency's authority to grant charter status to nonbanks after a fintech firm agreed to subject itself to the same federal regulatory requirements that traditional banks face, the OCC announced.
April 29, 2021
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.
December 23, 2020
A group of state bank supervisors is seeking to block the Office of the Comptroller of the Currency from granting national bank charter status to a blockchain-based financial services provider, arguing that the federal regulator would be setting "a dangerous precedent" for the future of the banking industry.