Washington, D.C. — Conference of State Bank Supervisors (CSBS) President and CEO John W. Ryan issued the following statement today in response to comments made today by Keith Noreika, Acting Comptroller of the Currency (OCC), on national bank charters for non-banks.
“CSBS continues to believe that the OCC’s proposed fintech charter lacks legal authority. Legal precedent and common sense suggest as much. Now, it is a matter for the courts to decide. Meanwhile, state regulators are focused on modernizing non-bank regulation to make state licensing and supervision more effective and integrated across the 50 states.”