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John Ryan Statement on CSBS vs. OCC Decision

Statement from John Ryan, President & CEO, Conference of State Bank Supervisors 

“The Conference of State Bank Supervisors’ suit against the OCC seeks to make clear that the OCC may not flout Congress and preempt state laws by granting national bank charters to nonbanks. Yesterday’s decision did not rule on the merits of the case, and our position that receiving deposits is an indispensable part of the business of banking is unchanged. State financial regulators continue to support the New York Department of Financial Services’ (DFS) case against the OCC, which is proceeding over the same objections the OCC raised in the CSBS suit.”

Media Contact: Catherine Pickels, 202-728-5734, cpickels@csbs.org

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