ICBA Sues OCC to Stop Alleged Fast-Track of Crypto Bank Charters

Independent Community Bankers of America sued the Office of the Comptroller of the Currency , alleging that the regulator authorized cryptocurrency firms to enter the banking system without being subject to the same scrutiny as community banks, according to a Friday (Oct. 2) press release from the association. The lawsuit centers on the OCC’s March 2 final rule related to Interpretive Letter No.