The latest lawsuit filed by the Conference of State Bank Supervisors (CSBS) alleging the Office of the Comptroller of the Currency’s (OCC) nonbank charter program is unconstitutional has been dismissed.
CSBS filed its second suit in two years against the OCC in October. The most recent complaint sought to prevent the agency from granting national bank charters to entities operating as nonbanks.
Read on for highlights of the judge’s opinion.
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