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Community bank group 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 exceeded its authority by widening its ability to grant trust charters. The group argues the expanded chartering power threatens the community banking model and bypasses limits set by Congress.

Why now: The lawsuit is a significant escalation in a regulatory dispute affecting banking oversight and competition.

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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