A second lawsuit has been filed against the Office of the Comptroller of the Currency alleging that a new OCC charter for non-banks violates federal laws and procedures. But the OCC is confident in its authority.
In April 2017, the Conference of State Bank Supervisors filed a complaint in U.S. District Court for the District of Columbia against the OCC, the regulator for national banks.
The CSBS, a national organization of state bank regulators, was challenging an OCC decision to create a new special-purpose national bank charter for financial technology and other non-bank firms.
Source: Mortgage Daily