The American Bank Policy Institute (BPI), representing approximately 40 major banks including JPMorgan Chase, Goldman Sachs, and Citigroup, is considering legal action over the recent relaxation of nationwide trust license rules by the Office of the Comptroller of the Currency (OCC). The organization believes that granting similar banking licenses to crypto companies and fintech firms could undermine consumer protection and financial stability. The association previously opposed licensing institutions like Circle and Ripple. (crowdfundinsider)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin