For the second time in the span of a year, a federal court has ruled that the Conference of State Bank Supervisors lacked standing in its legal challenge of the Office of the Comptroller of the Currency’s (OCC) authority to accept charter applications from non-bank entities.
The organization’s decision to re-file the case in the same court was driven by its hope for a different outcome given that the OCC since has come under new leadership and released policy guidance on fintech charters.
Find out more details about the ruling.