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Bankers group lawsuit targets OCC trust bank rules

Original: Post-Chevron landscape gives trust bank challengers the edge A lawsuit from the Independent Community Bankers of America

The Independent Community Bankers of America has filed a lawsuit challenging whether the Office of the Comptroller of the Currency exceeded its authority by allowing national trust banks to conduct activities beyond their traditional scope. The case arrives in a post-Chevron regulatory environment, where courts give less deference to federal agencies, giving community bank challengers an edge in arguing against the regulator's interpretation of its own powers.

Why now: The Supreme Court's overturning of Chevron deference has opened the door to fresh legal challenges against banking regulators' authority.

Independent Community Bankers of AmericaOffice of the Comptroller of the Currency

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• Post-Chevron landscape gives trust bank challengers the edge A lawsuit from the Independent Community Bankers of America challenges whether the Office of the Comptroller of the Currency exceeded its authority by allowing national trust banks to conduct activities beyond the… · AlexJimenez@mas.to · 2

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