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ICBA sues OCC over trust charter authority

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 exceeded its authority by expanding its ability to grant national trust bank charters. The community banking group argues the move threatens the existing banking framework, and the case adds to growing legal and political friction over federal regulators' chartering powers.

Why now: The lawsuit challenges a regulatory power grab that could reshape competition for community banks, prompting debate in banking circles.

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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