ICBA Brief Backs Legal Challenge to OCC Fintech Charter
(WorldNews Environment)

Washington, D.C. (July 31, 2020) - The Independent Community Bankers of America (ICBA) today filed a friend-of-the-court brief supporting the New York Department of Financial Services lawsuit challenging the Office of the Comptroller of the Currency`s special-purpose national bank charter for fintech companies. `The Office of the Comptroller of the Currency`s proposed special-purpose fintech charter lacks not only sufficient oversight of nonbank tech firms, but also a legal...