Office of the Comptroller of the Currency.
The Conference of State Bank Supervisors has asked a federal judge to prohibit the Office of the Comptroller of the Currency from issuing "special purpose" charters to fintech companies.
In a suit filed Thursday in the U.S. District Court for the District of Columbia, the state officials said that the OCC does not have the authority to issue such charters. In addition, they said that the OCC plan would usurp state laws governing non-bank financial companies.
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