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ICBA sues OCC over trust charters

Original: ICBA sues OCC over trust charters The Independent Community Bankers of America alleges in a new lawsuit that the Office

The Independent Community Bankers of America has filed a lawsuit against the Office of the Comptroller of the Currency, alleging the regulator has exceeded its authority by expanding its ability to grant trust charters. The banking industry group argues the OCC's approach threatens the community banking sector, and the legal challenge could shape how limited-purpose charters are issued going forward.

Why now: A major banking trade group challenging a federal regulator draws attention amid ongoing debates over chartering authority and fintech-friendly licenses.

Independent Community Bankers of AmericaOffice of the Comptroller of the Currency

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• ICBA sues OCC over trust charters The Independent Community Bankers of America alleges in a new lawsuit that the Office of the Comptroller of the Currency has exceeded its authority in widening its ability to grant trust charters. https://www. americanbanker.com/news/exclus… · AlexJimenez@mas.to · 1

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