The Conference of State Bank Supervisors (CSBS) has withdrawn its lawsuit filed in D.C. federal district court in December 2020 seeking to block the OCC from granting a national bank.
State bank supervisors have dropped a suit challenging the Office of the Comptroller of the Currency's authority to grant charter status to nonbanks after a fintech firm agreed to subject itself to the same federal regulatory requirements that traditional banks face, the OCC announced.
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